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Do you have a Portuguese employer? If so this is not surprising at all. > Furthermore, that social security contribution buys into one of best defined benefit
by quonn 3y ago
Do you have a Portuguese employer? If so this is not surprising at all.
> Furthermore, that social security contribution buys into one of best defined benefit pension schemes still available anywhere.
Ridiculous. It‘s not even close to being funded in the long term. It‘s one of the worst on the continent where all of them them some problems.
- somewhereoutth 3y agoTo my knowledge the Portuguese government has never failed its obligations to pensioners, why would it do so in the future? The economy is growing and this will all be backed by a stronger more integrated EU anyway. I'm happy to take that bet!
- JetSpiegel 3y agoSame here, the system has been in place for ages and hasn't failed. Last I check it was fully funded until 2060 or so. During the IMF "bailout" pensions were reduced nominally. This was a political choice, and the party that did that will never win an election again as long as all those pensioners live.