{"id":226894,"date":"2025-10-20T07:18:14","date_gmt":"2025-10-20T07:18:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/226894\/"},"modified":"2025-10-20T07:18:14","modified_gmt":"2025-10-20T07:18:14","slug":"new-early-retirement-benefits-soar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/226894\/","title":{"rendered":"New early retirement benefits soar"},"content":{"rendered":"<p>The increase was mainly due to early retirements due to the age flexibility, which grew 32% compared to the previous year, to 15,300, while retirements due to long-term unemployment increased only 1.9%, to nearly 9,000.<\/p>\n<p>According to Jornal de Neg\u00f3cios, this increase occurred after the government&#8217;s 2023 decision to maintain the retirement age at 66 years and 4 months for 2024, despite new life expectancy estimates from the National Institute of Statistics (<a href=\"https:\/\/www.ine.pt\/xportal\/xmain?xpid=INE&amp;xpgid=ine_destaques&amp;DESTAQUESdest_boui=706828944&amp;DESTAQUESmodo=2\" target=\"_blank\" rel=\"nofollow noopener\">INE<\/a>), and without immediately worsening the sustainability factor. This factor, which determines the cuts applicable to early retirement benefits, rose to 16% in 2024, reflecting provisional life expectancy figures.<\/p>\n<p>The <a href=\"https:\/\/www.seg-social.pt\/ptss\/pssd\/home?dswid=7043\" target=\"_blank\" rel=\"nofollow noopener\">Social Security<\/a> financial sustainability report also indicates that there were 102,000 people who had requested early retirement benefits but had not yet reached normal retirement age, a 4.5% decrease from the previous year. The normal retirement age in 2025 is 66 years and 7 months, rising to 66 years and 9 months in 2026. The current pension factor remains at 16.93%, maintaining the cut rules for those who retire early.<\/p>\n","protected":false},"excerpt":{"rendered":"The increase was mainly due to early retirements due to the age flexibility, which grew 32% compared to&hellip;\n","protected":false},"author":2,"featured_media":226895,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-226894","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/226894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=226894"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/226894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/226895"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=226894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=226894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=226894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}