Edition 1513
16 February 2019
Edition: 1513

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Civil servants aged 55 or over can retire early on 25%-100% pension

by TPN/Lusa, in News · 07-02-2019 08:42:00 · 0 Comments

Civil servants in Portugal aged 55 or over can from now on apply for early retirement, securing a pension of between 25% and 100% of their income, depending on their individual circumstances.

Civil servants aged 55 or over can retire early on 25%-100% pension

 

According to a decree-law published on Tuesday that comes into effect on Wednesday, early retirement by civil servants is possible following an agreement between the employer and employee and depending on prior authorisation by the members of the government in charge of finances and public administration.

 

The legislation, which was promulgated by the president on 29 January, lays down the rules on the amount of pension to be attributed to retiring civil servants in which circumstances.

 

Civil servants who take early retirement are assured that their benefits are to be updated yearly by a percentage corresponding to the pay increase that the pensioner would have received if they had continued in service.

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Edition 1513
16 February 2019
Edition: 1513

Read this week's issue online exactly as it appears in print.

Twitter

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