“Life expectancy at age 65, in the period 2023-2025, was estimated at 20.19 years for the total population,” indicates the INE, which corresponds to an increase of 0.17 years (2.0 months) compared to the three-year period 2022-2024.
Based on this increase in life expectancy, it is estimated that in 2027 the legal retirement age will be 66 years and 11 months, as the retirement age is directly linked to life expectancy.
This is two months more than in 2026 and four more than in 2025.
In 2024, the retirement age remained at 66 years and 4 months, following a 3-month decrease in 2023.
Both the 2023 reduction and the 2024 maintenance of the age are associated with the decline in life expectancy due to COVID-19-related mortality and its incidence among the older population.
