Retirement age increases to 66 years 7 months in 2022

Portuguese hoping to retire next year will have to work ‘another month’ as the age for access to State pensions is to increase next year to 66 years and 7 months as opposed to the 66 years and 6 months currently stipulated. The announcement in Diário da República today adds that ‘early retirement’ requested this year will also be subject to a 15.5% cut. Experts however have told Expresso that the retirement age should fall in 2023 “due to the reduction in life expectancy after 65 as a consequence of increased mortality caused both directly and indirectly by the Covid-19 pandemic”.