Portugal: Prime Minister announces a draft reform of retirement pensions

Publication

17 May 2006 à 16h52

Updated on 26 March 2013 à 11h23

Reading time

2 minutes

Publication: 17 May 2006 à 16h52, Updated on 26 March 2013 à 11h23

Reading time: 2 minutes

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Facing the need to reform the Portuguese system of retirement pensions, which has become unsuited given the lengthening of life expectancy and the declining birth rate, Prime Minister José Socrates proposed a series of measures aimed at safeguarding the system. (Réf. 06492)
Publication

17 May 2006 à 16h52

Updated on 26 March 2013 à 11h23

Reading time

2 minutes

Publication: 17 May 2006 à 16h52, Updated on 26 March 2013 à 11h23

Reading time: 2 minutes

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In an interview to the daily newspaper Financial Times (15-05), Socrates stressed the emergency: “We must act now. Any delay would worsen the problems and would cost more money in the future “, he said. The project revealed last month by the socialist government envisages a series of measures:

  • The amount of the pension would no longer be based on the 10 best years of professional life but on the entire career. This device should end the preexistent calculation, which makes Portuguese...
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