According to the provisional estimate of average life expectancy at age 65 for the three-year period 2023-2025, released today by the National Institute of Statistics (INE), this value was estimated at 20.19 years, representing an increase of 0.17 years (2.04 months) compared to the three-year period 2022-2024.

Based on this data, it is possible to calculate that in 2027, the legal retirement age will be 66 years and 11 months.

This figure is two months higher than that of 2026, which had already increased by two months compared to 2025.

In 2024, the retirement age remained unchanged at 66 years and four months, compared to 2023, a year in which there was a three-month decrease compared to the age set for 2022, something unprecedented since the retirement age began to be associated with average life expectancy.

Both the reduction in 2023 and the maintenance of the age for 2024 are associated with the decline in average life expectancy due to mortality associated with the COVID-19 pandemic and its incidence among the older population.

The provisional life expectancy figure at age 65, calculated annually by the INE (National Institute of Statistics), is published in November and serves as a reference for determining the normal retirement age under the general Social Security scheme and the sustainability factor to be applied to the statutory amount of old-age pensions under the general Social Security scheme.