Pensioners in Portugal who receive up to 1,074 euros per month are expected to get an increase above the rate of inflation in 2027, according to reports from several Portuguese outlets.
Correio da Manhã reported the development, with Público, Jornal de Negócios and SIC Notícias carrying similar accounts that lower pensions should rise faster than inflation next year.
The reports point to the annual adjustment mechanism that governs how retirement payments are updated. Under that system, the size of the increase is tied to inflation and economic growth, with smaller pensions typically receiving a larger percentage rise than higher ones.
The expected above-inflation increase applies to payments at or below the 1,074 euro threshold. The reports did not specify the exact percentage figure for the 2027 adjustment.
The topic has also drawn scrutiny of the formula itself. ECO reported that the current method for updating pensions "should already have been changed," reflecting an ongoing debate over how the mechanism is calculated.
The discussion comes as households continue to weigh the effect of recent price pressures on fixed incomes, with pension adjustments a recurring point of attention in Portugal's annual budget process.
What to watch next: the official confirmation of the 2027 pension increase, which is expected to be set out when the government finalises its budget plans.
