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Social Security report reveals deficit of €1.944 billion
Experts claim that Social Security surpluses are an "illusion" and present the report in Lisbon.
The working group formed to study the sustainability of Social Security presented its report titled "Reforming Pensions in Portugal – for a Sustainable, Adequate, and Just System" on Tuesday, August 18, in Lisbon.
Experts warned that the previously announced financial surpluses do not reflect reality, as they ignore significant costs, such as those of the Caixa Geral de Aposentações (CGA).
According to the report, the deficit in Social Security amounts to €1.944 billion, highlighting the need for reform in the pension system.
The working group characterized the current situation as an "illusion," emphasizing the urgency of measures to ensure the viability of the pension system in Portugal.