What are the statutory pension benefits in Portugal?

In Portugal, the statutory pension system provides basic old-age pension benefits to employees upon retirement. This monthly benefit, funded through Social Security, aims to replace the employee's work pay. The eligibility and amount of the old-age pension are influenced by several key factors:

• The specific social protection system to which the employee has contributed
• The total contributions made by the employee
• The age at which the employee retires

The standard retirement age is 66 years and 7 months in 2025, with a minimum contribution period of 15 years required. While early retirement is possible, those who do not meet the contributory requirements may qualify for a non-contributory social pension based on income criteria.