Pensioner stampede: 97,000 new pensions attributed in just seven months

Pensioner stampede: 97,000 new pensions attributed in just seven months

The perils, from a public administration point of view, of Portugal’s ageing population have become all too clear with a veritable pensions stampede this year involving 97,000 new pensioners ‘coming on the books’ – 21,000 of them in May.

Labour minister Vieira da Silva explains this means State has been faced with a 172% rise in the cost of pensions over the last five years.