The social partners started discussing retirement with unions in total rejection. The CGTP and UGT refuse the draft bill planning to increase retirement age to 66 in 2014. The government intends to amend the criteria for applying the durability criterion, based on life expectancy and introduced in 2007. It wants the possibility of amending the index every year. At this stage, the Confederation of Commerce is open to debate but wondering about the conflict with youth employment. (Ref. 130762)
Durable social security. The Portuguese government says that the social security’s balance will be negative starting in 2015. In order to avoid this situation, it suggests amending calculation of the sustainability factor, which takes Portuguese people’s life expectancy into account. Introduced in 2007 by the then socialist government, this coefficient brought average retirement age (with full pension, i.e. 40 annuities) to 65 years and 6 months. At the time, the reference year used for...
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