Retirement age will increase two months until 2018 – the Express

The average life expectancy increases, the retirement age also: this is the rule. In 2017, the retirement age will increase by one month, and in the following year also, according to the data of the average life expectancy at 65 years released this Monday by the National Statistics Institute. This way, in 2018, the retirement age will be in the 66 years and four months. The news is advanced the "Morning Mail" this Tuesday.

Who retire in advance in 2017 will suffer a penalty of 13,88%, through the update of the sustainability factor – which corresponds to an aggravation of 0.54% compared to 2016, due to the increase in average life expectancy. In addition to this penalty of 13,88%, those who retire early still has an increase of 0.5% for each month of anticipation.

However, the minister of Social Security, Vieira da Silva, has come to the public to announce that it will review the formula for the calculation of the

"sustainability factor", compounded by the Government of Passos Coelho. For the economist of the CGTP Eugénio Rosa, the Government should take advantage of the review to correct the “injustice, the penalty that may result from the application of the factor does not take into account the age of the contributor, which creates inequalities", said the newspaper.