Portaria 476/2025 Pushes Portugal's 2027 Idade da Reforma to 66 Years and 11 Months — Fator de Sustentabilidade Hits Early Pensioners at 17.63% in 2026 as Esperança Média de Vida at 65 Reaches 20.19 Years
Portaria 476/2025 fixes Portugal's 2027 retirement age at 66 years and 11 months — two months above 2026. The 2026 sustainability factor rises to 17.63%, life expectancy at 65 hits 20.19 years, and only very-long-career workers keep full exemption.