Court of Auditors warns of looming €14.7 billion pensions black hole
For all the talk of how much immigration has helped bolster the coffers of Social Security, the reality is that everyone who pays into social security will expect a pension
Increase in pensions costs Portugal €10 million per day
The increase in pensions decided by the outgoing government for 2024 is costing the State more than €10 million per day. This is counting only with the universe of pensioners
Increase in pensions “should have happened earlier” – president
PM presents increase as ‘extra measure of government support’ Insisting there was no trickery involved, prime minister António Costa (re) announced a 3.57% increase in pensions from July this year
Pensions to increase (further) in 2023
Thanks to this year’s increase in forecast GDP, and in inflation, the government is obliged to upgrade increases to pensions beyond levels announced in the State Budget. Reports suggest pensions
PM promises “historic” pension increases in 2023
… and higher public sector wages PM António Costa has been in his element today, speaking at a conference in Lisbon organised by CNN. The upsides of his intervention were
CGTP wants minimum salary of €800 by July
May 1 ‘Day of Worker’ sees thousands join traditional parade through streets of Lisbon CGTP – the confederation of Portuguese trade unions – marked the traditional May 1 parade through
Blevins Franks seminars in Portugal
Are your investments, pensions and succession planning structured for your family’s long-term financial security? Blevins Franks’ seminars will examine the key points to consider for 2022 and beyond: • Brexit
Portugal’s pension system ‘unsustainable’: extra public funding will be needed
“If Portugal wants to maintain the level of generosity of its social State in the future, there will need to be substantial changes”. This is the bottom line, given by
19,000 more old age pensions paid out in Portugal this year
October 2020 saw Social Security pay out 19,178 more old age pensions than in the same period last year. This translates into 2,065 million ‘old people’ in a universe of
Portugal to start taxing foreign pensions under NHR
After years of international pressure, the Portuguese government is diluting the tax benefits of the highly favourable non-habitual residency (NHR) scheme. The 2020 budget, due to be confirmed by the