The retirement age is expected to rise to 66 years and seven months in 2025, an increase of three months compared to the value that will apply in 2024, according to calculations based on still preliminary data published this Wednesday by the INE.
According to the preliminary estimate of life expectancy at age 65 for the three-year period 2021-2023, published this Wednesday by the National Statistics Institute (INE), this value is estimated at 19.75 years, corresponding to an increase of 0.14 years. (1.68 months) compared to the previous three-year period (19.61 years in 2020-2022).
Based on these data, it can be calculated that in 2025 the retirement age will be 66 years and seven months.
This figure is three months higher than in 2024, when the retirement age remained unchanged from 2023 at 66 years and four months.
2023 saw a three-month decline from the 2022 age, an unprecedented development as retirement age has become associated with average life expectancy.
Both the decline in 2023 and the same age in 2024 are due to a decline in life expectancy due to mortality associated with the Covid-19 pandemic and its incidence among the older population.
The provisional life expectancy at age 65, calculated annually by INE, is published in November and serves as a guide to determining the normal age for receiving an old-age pension, and what is known now is not yet known. include revised resident population estimates derived from final 2021 Census results.