The Parliament approved on Thursday, in the specialty, the proposal by PSD and CDS-PP for the Government to once again pay an extraordinary supplement for the lowest pensions in 2026. However, there is a condition for this amount to be deposited into retirees’ accounts: the evolution of public accounts.
This indication had already been given by the Executive multiple times, conditioned on the public accounts. This year, the extraordinary supplement was paid in September.
With the approval, the Government is committed to proceeding next year with “the payment of an extraordinary supplement for pensions, depending on the evolution of budget execution and respective trends in terms of revenue and expenditure.”
What does the approved proposal say?
In explaining the proposal, the parties supporting Luís Montenegro’s executive argue that it is necessary to give the Government “leeway to define in which forms it can implement the supplement payment,” considering “the global economic uncertainty, especially the financial situation of Portugal’s main economic partners, and the uncertainty of budgetary changes that will materialize during the current period of specialty of the State Budget for 2026, considering the current parliamentary framework.”
During the hearing within the discussion on the specialty of the State Budget for 2026 (OE2026) on Friday, the minister reiterated that the Government will “proceed with the increase of pensions at the legal rate” and, “if there is budget room,” assign a new extraordinary supplement. What values are involved?
Beatriz Vasconcelos with Lusa | 08:10 – 10/11/2025
How was the bonus assigned this year?
In 2025, pensioners with lower pensions, up to 1,567.5 euros, received an extra amount for one month in September, 100, 150, or 200 euros, depending on the pension amount.
In practice, the supplement amounted to 200 euros for pensions up to 522.50 euros, 150 euros for pensions between 522.50 euros and 1,045 euros, and 100 euros for all pensions between 1,045 and 1,567.50 euros.
This supplement covered Social Security pensioners, the Caixa Geral de Aposentações (CGA), and the banking sector, a universe of two million and 300 thousand pensioners.
Joaquim Miranda Sarmento acknowledges that it will be “much more difficult” to grant the extraordinary supplement to pensions, which this year was paid in September and resulted in increases ranging from 100 to 200 euros.
Notícias ao Minuto | 08:20 – 24/10/2025
And the other proposals?
PSD, CDS, and Chega rejected a PS proposal for the extraordinary supplement to be paid in 2026 to be converted into a permanent increase and count towards the formation of the 2027 pension.
In the initiative, the PS proposed that, next year, “any extraordinary supplement, of a single or occasional concession and regardless of its amount, granted to pensioners according to the existing budget room, should be converted into an extraordinary pension update for the purpose of updating its value, depending on the evolution of the system’s structural margin.”
The socialist bench foresaw that the update would be “fully funded by State Budget funds” and that, if it was necessary to finance the Financial Stabilization Fund of Social Security to proceed with this increase, there would be compensation originating “from an adjustment of one percentage point in IRC rates.”
Proposals from PCP, BE, Chega, and Livre to increase pensions next year were also rejected.
PCP proposed that, from January 1, 2026, the update for all pensions should correspond to 5% of the pension value, “the update amount cannot be less than 75 euros per pensioner.”
BE proposed a minimum extraordinary increase of 50 euros per pensioner after the application of the regular annual update. Chega proposed that pensions up to 1,567.5 euros be increased by 1.5%, without prejudice to the regular update.
The Livre proposal aimed to ensure that, from January 1, 2026, the Government would proceed with the supplemental increase in pension values in addition to the annual update.
