Pension plunge

A study has shown that pensions will suffer a “steep fall” in real value over the next few years – and that’s before government cuts are taken into account. The news, coming in a report commissioned by the coalition’s executive, reveals that by 2060, pensions between €628 and €2,514 (which are those paid to as many as 550,000 pensioners) will see a fall in purchasing power of around 23.1%, wrote Correio da Manhã.