Government estimates that lower pensions will increase by 3.3% in 2027

The Portuguese government announced a 3.3% increase in the lowest pensions for 2027, affecting the majority of pensioners. This increase is expected to exceed inflation by 0.5%. The Secretary of State for Social Security, Susana Filipa Lima, stated that 90% of the lowest pensions will see this increase, while pensions between 2 and 6 IAS will rise by 2.79%. The overall pension expenditure will increase by over one billion euros, with specific allocations for different pension schemes. The final inflation rate will be confirmed in December.