Portuguese pension indexed to average life expectancy
Portugal is one of the countries that has the legal age for access to a pension indexed to average life expectancy and, according to the “2019 Pensions Overview” of the Organisation for Economic Cooperation and Development (OECD), is also one of the countries where it is estimated that the age for access to retirement will increase the most.
The Portugal News reports that the rise from 65.2 to 67.8 years assumes people start working at 22 and places Portugal in eighth position in the list of countries where it is expected that the pension age for those who are now starting working life will advance further.
At the top of the table is Denmark, where it is expected to increase by nine years (from the current 65 to 74), followed by Italy (from 67.0 to 71.3 years), the Netherlands (from 65.8 to 71.3 years) or Estonia (from 63.3 to 71.0 years).
dnoticias reports that in the short term the statutory retirement age is expected to increase by one month in 2021 to 66 years and six months, based on data published yesterday by the National Statistics Institute (INE) on average life expectancy.
“The provisional estimate of ‘Life Expectancy at 65’ for the period 2017-2019 is 19.61 years,” said INE . From this indicator it can be anticipated that the statutory retirement age will increase by one month to 66 years and six months by 2021 from the age set for this year and the next at 66 years and five months.