Financial and Social Sustainability of the Portuguese Pension System (Estudos da Fundação 2019)

Abstract

The sustainability of the pensions system is a concern for both citizens and political decision makers alike. This study shows until when the system will remain financially sustainable and what will be its future cost. Beyond that, it shows at what point will the system cease to be able to provide adequate pensions, avoid sudden cuts of income for pensioners and protect them from poverty. Lastly, it provides an analysis of several pension system reform scenarios and their respective impact.