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Government sets retirement age at 66 years seven months from 2025

For anyone aiming for retirement in Portugal, the goal posts are widening. As expected, the decree setting the retirement age in Portugal in 2025 to 66 years and seven months – an increase of three months compared to 2024 – has been published today in government gazette Diário da República. This follows the November release by INE statistics institute of estimated life expectancy at 65 for the three-year period 2021-2023. Post-Covid, people are once again living longer, and thus the consequence that they will have to work longer before they can qualify for a government pension…