The decree-law was published in the Official Gazette that allows pensions to be updated the year after they are granted (instead of two years later) and that will allow those who retire this year to have their pension updated in January 2025 (instead of two years later). only in 2026).
The announcement of the change had already been made by the Government, which approved the new rule on October 2 in the Council of Ministers. At the time, the Minister of Social Security, Rosário Palma Ramalho, said that it would cost 42 million euros.
Those who retired this year will have their pension updated next year
It was an old demand from retiree movements and associations, which demanded a change in the current law, which provides for the updating of pensions only after the first two years of attribution. The Minister of Social Security, Rosário Palma Ramalho, highlighted, after the Council of Ministers meeting, that the problem could have been resolved “many years ago”, but it was not and that it is a question of “equality” and “non-discrimination.” The new rule will apply to Social Security and Caixa Geral de Aposentações pensions.
This is the article on updating pensions, which establishes that “retirement, retirement and disability pensions are updated annually, starting in the second year following their granting, with effect from January 1 of each year, depending on its amount.”
In the preamble of the decree-law now published, the Government states that the change aims to “move towards a social security system that is a solid safety net” and that allows “reducing the impacts of the economy on the standard of living of pensioners”. affect the value of pensions, starting from the year following the granting of the pension.”
“This decree-law comes into force on November 1, 2024 and is applicable to all people who became retired or pensioned in the year 2024,” it also reads.
Source: Observadora
