The September pensions for Social Security beneficiaries will be distributed this Monday, September 8, with an additional bonus, an extraordinary supplement previously announced by the government.
“Social Security will proceed, on the 8th, with the payment of September pensions, including the Extraordinary Pension Supplement,” stated a communiqué released last week by the Institute of Social Security (ISS).
Who will receive it?
According to the ISS, “the supplement covers invalidity, old age, and survivors’ pensioners of the social security system, retirees and survivors from the CGA, and pensioners from the banking sector.”
Furthermore, “those with pensions due by August 31, 2025, inclusive, will receive this supplement.”
What is the value of the bonus?
The Social Security details that the supplement’s value is determined by the sum of the pensions received:
- 200 euros for pensioners with pensions equal to or less than 522.50 euros;
- 150 euros for pensioners with pensions above 522.50 euros and equal to or less than 1,045.00 euros;
- 100 euros for pensioners with pensions above 1,045.00 euros and equal to or less than 1,567.50 euros.
The ISS reminds that “to obtain your Pension Receipt, access the Social Security Portal’s Declarations Area and select Get pension receipts”.
Additionally, the “pension receipt is also available on the Social Security Mobile App”.
Extra Supplement for Pensions “Will Cost 400 Million Euros”
On the same occasion, the Finance Minister indicated that the extraordinary supplement for pensioners will cost around 400 million euros but will not compromise public finances, as the budgetary situation is “robust”.
“The supplement will cost 400 million euros; we preferred this redistribution mechanism over a permanent pension increase because it generates rigid structural expenses,” explained Joaquim Miranda Sarmento at a press conference following the Council of Ministers.
The minister highlighted that the economic activity creates a “budgetary dividend,” with the “primary priority to reduce public debt,” but the government also aims to “use part of this dividend to assist those facing more difficulties, who no longer have other sources of income and have very low pensions.”
Regarding the budget margin to apply this measure, Miranda Sarmento noted that “at the moment, the available information points to a robust and comfortable budgetary situation,” adding that this year there is “more robust data on budget execution earlier than last year.”
The government estimates a surplus of 0.3% of the Gross Domestic Product (GDP) this year, although institutions such as the Banco de Portugal anticipate a deficit either this year or next.
The minister also confirmed that the supplement will not be subject to IRS withholding, meaning the net amount received by each pensioner will correspond to the gross value.
