The retirement age will rise next year by one month according to the average life expectancy data already defined for 2020 and will now be 66 years and seven months. The sustainability factor rose again to 0.8446.
According to the decree published this Wednesday in the Diário da República “taking into account the impact of the evolution of the average life expectancy at the age of 65, revised between 2019 and 2020, the application of the formula provided for in Article 20 paragraph 3 was reviewed according to the legislative decree No. 187/2007 of May 10, the normal age for access to the pension in 2022 is 66 years and 7 months. “
The document therefore clarifies: “The normal age for access to old-age pension after 2014 will vary according to the average life expectancy at the age of 65, which was revised between the second and third years before the start of retirement, the formula provided in the formula”.
Considering the average life expectancy of 65 years, which was verified in 2000 and 2020, the sustainability factor for old-age pensions from 2021 is 0.8446.