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INE reveals decrease to 66 years and four months in the retirement age in 2023

The data published this Monday by the National Institute of Statistics (INE) on average life expectancy confirm the decrease of three months in the legal retirement age in 2023 compared to 2022, to 66 years and four months.

According to the definitive data published this Monday, the average life expectancy at 65 years of age, in the last three years, has registered a decrease of 0.35 points, to 19.35 years, due to the mortality associated with the pandemic of the Covid-19.

this indicator it is used to calculate the retirement age as well as the cut to be applied to some early pensions by the sustainability factor, which is 14.06% in 2022, both already published in a government decree in December, according to provisional data from the INE.

The legal retirement age has been increasing for several years, associated with the average life expectancy (which has increased), this year being 66 years and seven months.

For its part, the sustainability factor, also associated with average life expectancy, went from 15.5% in 2021 to 14.06% in 2022.

In recent years, the sustainability factor has ceased to apply in some situations, such as people who retire early at the legal age, but have a long working history.

In addition to the sustainability factor, early retirements are also subject to cuts of 0.5% for each month ahead of the legal retirement age or personal age.

According to data published by the INE for the period 2019-2021, Life expectancy at birth in Portugal fell to 80.72 yearsdue to the Covid-19 pandemic.

When disclosing the Mortality Tables, the INE mentioned that life expectancy at birth is greater for women (83.37 years) than for men (77.67 years).

“These values ​​represent, in relation to 2018-2020, a decrease of around 4.8 months for men and 3.6 months for women, as a consequence of the increase in the number of deaths in the context of the pandemic of the disease. Covid-19”. , read the information provided by the Institute that accompanies the data.

According to the INE, during a decade there was an increase of 14 months of life for the total population (14.4 months for men and 11.3 months for women).

While in women the increase was mainly due to the reduction in mortality at ages equal to or greater than 60 years, in men the increase continued to be due mainly to the reduction in mortality at ages less than 60 years.

The INE also analyzed life expectancy at 65 years of age, which also fell to 19.35 years in the total population: “At 65 years of age, men could expect to live 17.38 years and women 20, 80 years, which corresponded to a reduction of 4.6 and 3.7, respectively. months compared to 2018-2020.”

In the last 10 years, life expectancy at age 65 has increased by 5.5 months for men and 7.2 months for women.

For the 2019-2021 period, it was estimated that 36.1% of live births to men and 57.3% of live births to women survive to age 85 “if they undergo, throughout their lives, to the observed age-specific mortality conditions. in this period”, according to the INE.

In 2018-2020, these figures were 38.3% for men and 59.1% for women.

Source: Observadora

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