Retirement age up to 66 years and two months in 2016 – algarveNoticias.com

Retirement age up to 66 years and two months in 2016 – algarveNoticias.com

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 Friday was published the ordinance increases the retirement age to 66 years and two months in 2016.

“In view of the effects of changes in life expectancy at age 65 occurred between 2013 and 2014 in the application of formula set out in paragraph 3 of article 20 of Decree-Law No. 187/2007 of 10 May, the normal age for access to old-age pension in 2016 is now 66 years and two months, “he stresses the ordinance shall enter into force on 1 January.

Remember that the Government has changed the rules of calculation of the sustainability factor, late last year, in order to adapt to the evolution of life expectancy at age 65.

Following this change, since in 2015 the retirement age rises to 66 years. The following year, increases in two months, and, after 2016, the retirement age will rise on the average life expectancy at age 65 between 2013 and 2014. verified

“Considering the indicator of hope Average life at age 65, during 2000 and in 2014, the sustainability factor applicable to old age pensions started in 2015 and assigned before the normal age of entitlement to a pension is 0.8698 “, indicates the order of the Ministry of Solidarity, Employment and Social Security.

This new formula uses the indicator of life expectancy published by the National Statistics Institute, which results in the application of the sustainability factor mentioned above. Is this calculation for determining which cut in the income of pensioners.

The ordinance also sets the sustainability factor to be applied to disability pensions granted for a period not exceeding 20 years, and are now also old age, and that is 0.9383.

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