Cut in early retirement almost doubled in 2015 – publico

 
         

                 

                         
                     

                 

 
 

The number of civil servants who anticipated the retirement age reached its lowest level since 2007 and fell 58% compared to 2014. Last year, 5375 workers have reformed themselves before the legal age, a figure that contrasts with the record registered previously, and took home pensions with a cut of 21.3%, almost double the penalty of 12.3% applied to those who retired a year before.

Annual Report released on Thursday -feira, the direction of the General retirement Fund (CGA) notes that the aggravation of the penalty is a result of changes to the retirement scheme in 2013 and now beginning to feel. It gives as an example the change “at the age to be considered for the application of penalties, which went from 63.5 years in 2012 to 65 in 2013 and 66 years in 2014 and 2015″ – that is, the penalty 6% for each year remaining to the legal age was levied on a greater number of years, which eventually translate into a larger cut in the value of the pension.

in addition, the penalty has to be calculated according to the “normal age of entitlement to old-age pension”, which varies between 65 and 66 years, no longer possible to certain professional groups retire aged below these thresholds. In addition, it also eliminated the mechanism that allowed pensioners with longer careers benefit from mitigating circumstances.

In 2015, early retirement accounted for 33.2% of the total of 16,198 new allocated pensions (value fell more 30% and that is minimum since 2001) where in 2014 weighing 55.4% in total. This strong decrease is attributed by the CGA to “worsening conditions for granting these pensions from 2013″.

A significant part of granted early retirement further relates to applications lodged in 2012. That year, CGA recorded an exceptional influx of applications due to the fact that the Government shall height have ensured that orders entered by that date could benefit from the calculation conditions in force which were more favorable to workers than those that began to be applied 2013 onwards.

Considering all the new pensions paid (normal and anticipated), on average, who retired last year took home 1112.42 euros, 2.8% more than the year previous. This increase explains the CGA, is justified “largely by the greater weight of new pensions originating in voluntary retirements (…), which had higher average values.” It is said “normal” reforms have no penalty and they are more in number than the anticipated end up positively influence the average.

The CGA generates a universe of about 473,000 subscribers and paid monthly 486,000 pensions. The system is closed to new subscribers since 2006 and for the first time last year, the number of subscribers was lower than retirees.

The ratio is now 0.97 per active renovated, something that had never happened. For example, in 2006, there were almost two officials to cash to the system for every retiree.

This is one of the main estuturais indicators of financing the scheme run by the CGA, which however went to the scope of Ministry of Labour and Social Security.