OE2027: 'Financial cushion' of Social Security should reach 58.5 billion in 2027

The Financial Stabilization Fund of Social Security is projected to reach €58.5 billion by 2027, equivalent to 17.2% of GDP. This amount will cover over two years of pension expenses. Minister Rosário Palma Ramalho emphasized the government's commitment to strengthening the fund and updating pensions. Additionally, a new contribution cycle regime will be implemented for employers starting in January. Despite a favorable financial position, structural issues like average salary and youth unemployment persist, necessitating labor law revisions.