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10 November 2018
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Government confirms poorer pensioners to receive increase of €6 or €10

by TPN/Lusa, in News · 25-05-2018 12:09:00 · 0 Comments

Portugal's government has approved an extraordinary increase in monthly state pensions, of €6 or €10 depending on the individual's circumstances, to take effect in August - a move that was foreseen in the state budget for 2018 but which had yet to be laid down in statute.

Government confirms poorer pensioners to receive increase of €6 or €10

 

"As in 2017, next August there will be an extraordinary update to monthly pensions that will cover 1.5 million pensioners with income up to 1.6 IAS" - the indexing reference for social support - the minister of employment, solidarity and social security, José Vieira da Silva, said at a briefing with journalists.

 

People with pensions of no more than 1.5 times the IAS – that is, €643.35 - are thus to receive an extra €6 or €10, depending on whether their pension was updates between 2011 and 2015, "deducted from the value of the update of pensions that took place on 1 January" of this year, the minister said.

 

The measure will cost €82 million a year, Vieira da Silva said; this year, the cost will be around €35 million.

 

The increase is to be applied to invalidity, old age and survivor pensions issued by social security and the civil servants' separate pensions scheme.

 

Portugal's government met in Lisbon on Thursday morning for its regular weekly cabinet meeting.

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Edition 1500
10 November 2018
Edition: 1500

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

Twitter

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