For years it has been debated whether or not the Social Security system will be able to pay the pensions of future pensioners. The Government’s own forecasts are not encouraging: the fund created to pay pensions if the welfare system (the one that pays pensions) goes into the red, which could happen in the early 2030s, should run out in the first half of the 2050s.
Hence, the diversification of its sources of financing is one of the priorities already established by the commission created by the Government to analyze the sustainability of the pension system. Nine experts will study, until June of next year, ways to make the system more resistant to guarantee pensions in the future. The Minister of Social Security, Ana Mendes Godinho, has already assigned them a specific task: to carry out a “diagnosis” of what the updating of pensions should be in 2024, so as not to compromise the “sustainability” of the system.
The group, headed by Mariana Trigo Pereira, former Chief Economist of former Minister Vieira da Silva, will have to prepare a green book on the sustainability of the system. The first meeting is scheduled for the “second week of September”, according to the guardianship, and, by the first quarter of 2023, a preliminary report must be presented. Until June 30 is the time for the final report, which will contain proposals for the Government.
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Source: Observadora
