The average retirement age in Portugal is expected to rise to 68 in 2060, one of the highest among various OECD countries, according to a report published by the organization this Wednesday.
In its Pensions at a Glance 2023 report, the Organization for Economic Co-operation and Development (OECD) estimates that the average retirement age is expected to increase based on the legal framework in its various member countries. in two years, until the 2060s, to age 66.3.
“Going forward, taking into account measures already taken by law, the average normal retirement age in the OECD will increase by two years, to 66.3 years, for men entering the labor market in 2022,” the document says, emphasizing that there is there will be an increase in 20 of the 38 OECD countries, and in another three countries the normal retirement age will increase only for women.
In Portugal and other countries where retirement age is indexed to life expectancy, growth will be more pronounced than average, with the report estimating that it will rise from the current 65.6 years to 68 years in the 2060s – a scenario for those who entered the labor market in 2022.
There are seven countries on the list with sharper growth. Topping the list is Denmark (which will increase the age from 67 to 74), followed by Italy (from 65 to 71) or Estonia (from 64.3 to 71).
These estimates took into account different patterns of access to the regular pension, i.e. situations without penalties and a full insurance career from age 22.
The report also devotes a chapter to special pension regimes for hazardous or painful occupations, emphasizing that the problems associated with these occupations “essentially need to be addressed through policies” that are not included in the scope of old-age pensions.
Therefore, the document emphasizes, one of the first priorities should be improving working conditions.
“The inability to obtain employment before reaching the normal minimum retirement age is not a sufficient basis for the introduction of a special old-age pension scheme for dangerous or difficult work,” the document says.
The report notes, however, that in the case of occupations that pose a risk to health or safety with age (eg police, firefighters, armed forces), the existence of a “special regime” is “strongly justified”.
Author: Lusa
Source: CM Jornal
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