Fall in reform calls into question savings in the state – Daily News – Lisbon

Government expected 20,000 retirements, but reforms should fall to 14 000, according to the Board of Public Finance. average pension shrank 10.7% in 2015

The savings of one hundred million euros provided for in the State Budget for 2016 as a result of the combination of civil servants out for reform with a grip on the admission of new workers can not be achieved. It is this value was calculated based on 20 000 retirements in 2016, but the Board of Public Finance provides not leaving more than 14 000.

In its review the implementation of the General Pension Fund in 2015 the body headed by Teodora Cardoso emphasizes that in the first two months of this year, “the number of new retirees remained below the levels recorded in the second half of 2015,” and we are witnessing “currently at a slower pace of effective outputs through retirement “.

last year, retired 16 198 civil servants. A number that is far from the average of 22 000 outlets in the last decade. For this year, the Board of Public Finance anticipates new fall. But the budget for 2016 – that is based on negotiations between António Costa and Brussels after the Commission demanded more measures than those foreseen in the initial draft – the government estimates that retire this year 20,000 workers. Having regard to the rule of only an admission (of new workers with lower wages) for each to leave recorded to a savings of one hundred million euros.

Still, it is estimated that actual expense of CGA increase 0.6% in 2016, which is explained by the updating of reforms to 628 euros per month and an increase in overall expenditure on pensions.

for 2015, we highlight the fact that first the universe of subscribers CGA be less than the number of pensioners. Despite this, the pace of annual growth slowed spending from 2.7% to 1.8%.

Besides the decline in the number of state workers who left for retirement, that slowdown in spending reflects also the fall in the value of new pensions that are being paid – minus 10.7% over 2014. Translated into figures: in 2014, each person who retired this year was to receive 1223 euros. But those who did so in 2015, are to receive 1112 euros. The comparison with the 2013 average values ​​show an even more significant decline:. 23%