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The pensions granted this year by the Social Security will be recalculated, in accordance with the ordinance published on Monday in the Diário da República, which allows the reassessment of wages used as a basis for calculating pensions.
as well as the table of coefficients for "applying to the update of the annual wages recorded and which serve as a basis for the calculation of the pensions initiated during the year 2018.
The new table will enter in force "the day after its publication and takes effect from January 1 to December 31, 2018", according to the document, which means that retirees will now receive retroactive amounts from the beginning of the year.
current legislation stipulates the formula that should be applied to the revaluation of the relevant annual remuneration for the calculation of the reference remuneration, and which is made on the basis of inflation calculated by the INE, without [19659002] "Considering that the average change rate of the last 12 months of the CPI, without housing, recorded in December 2017 was 1.38% and that the average rate of change in the earnings underlying the contributions declared in the Social security in 2017 was 1.6%, the coefficients of reassessment of remuneration provided for in No.1 of Article 27 of Legislative Decree No 187/2007 of May 10, are updated in 1, 38%, and the salary revaluation coefficients provided for in Article 27 (2) of the Decree, with the wording of Legislative Decree No 167-E / 2013 of 31 December, are updated, "states the document published in DR
. It is up to the government to determine the values of the revaluation factors to be applied for updating registered earnings and which serve as a basis for calculating the pensions initiated each year.
The values of the coefficients to be used to update the annual remuneration to be taken into account for the determination of the reference earnings are used as the basis for the calculation of invalidity and old-age pensions in the pension system and retirement pensions , Disability and Converged Social Pension
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