The President of the Republic announced an extraordinary pension increase. The information was confirmed in a note published on the President’s website.

The President of the Republic, Marcelo Rebelo de Sousa, announced this Friday a government decree that creates an exceptional supplement for pensioners of between 100 and 200 euros, which will be paid in October.

“The President of the Republic has published a government diploma creating an exceptional pension supplement,” says a short note published on the website of the Presidency of the Republic.

The government approved on Thursday in the Council of Ministers an extraordinary supplement for pensioners, which ranges from 100 to 200 euros and will be paid in October.

The measure was announced by the Prime Minister last week at the Festa do Pontal, an initiative that marked the political return of the PSD.

At the end of the Council of Ministers meeting on Thursday, the Minister of the President announced the approval of a decree-law that establishes an extraordinary supplement of 100 to 200 euros per pensioner, which will be paid in October.

This is an extraordinary one-time supplement that will vary depending on the pensioners’ gross pension, the Prime Minister announced. For those with a pension of €509.26, the benefit will be €200. Pensioners with a pension between €509.26 and €1,018.52 will receive a supplement of €150, while pensioners receiving between €11,018.52 and €1,527.78 will receive an additional €100.

This supplement applies to pensioners from the Caixa Geral de Aposentações social security system, “and also, in particular, from another system integrated into the public system, such as bank employees,” among 2.4 million beneficiaries.

Lawyers and retired solicitors registered with the Lawyers and Solicitors Pension Fund (CPAS) are not eligible for this emergency allowance as they are outside the public system.

It should be noted that this is a per-pensioner allowance, not a per-pension allowance, so anyone receiving multiple pensions will see these amounts added together to determine whether they are eligible.

The government estimates the cost of the measure at 422 million euros, which is “financed from the state budget,” the official explained. “This supplement is subject to IRS income tax, but it is autonomous so as not to cause a change in the tax bracket for pensioners,” he added.

The executive said it was an “important and fair” measure that was consistent with the government’s “very strong concern for lower-income pensioners”.