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 just 10.2 million inhabitants.

Explain reports, the ‘spike’ has come from new rules which allow people to retire on the basis of the number of years they have been working, not necessarily on having reached retirement age (66 years and five months).