Best Pension Lawyers in Lisbon

About Pension Law in Lisbon, Portugal

Pension law in Lisbon, Portugal revolves around government-provided social security benefits and private pension funds. Portugal operates on a pay-as-you-go system where current workers' incomes support retirees. The pension amount depends on the contributions made and the number of years worked. The law also provides a social pension for those without sufficient contributory record. Relationships with private pension funds are regulated by contracts and supplements state pensions.

Why You May Need a Lawyer

Engaging a lawyer can be crucial under several circumstances related to pensions. This includes if you are preparing for retirement and need advice on pension rights, if you feel you have been unfairly denied pension rights, if you think your pension benefits have been miscalculated, and to review contracts for private pension funds. A skilled lawyer can guide you through legal complexities, ensuring you receive entitlements and protecting your rights.

Local Laws Overview

Pension law in Lisbon follows national Portuguese law. A regular old-age pension requires a contribution period of at least 15 years and a retirement age 66 years and 5 months. Early retirement options exist but can lead to reduced pensions. Disability and survivor pensions are also available. Private pension funds are supervised by the Portuguese Insurance and Pension Funds Supervisory Authority. Any disputes involving these entities are first addressed through internal means and can then be referred to arbitration or judicial courts.

Frequently Asked Questions

1. What is the retirement age in Lisbon?

The statutory retirement age in Lisbon, Portugal is 66 years and 5 months in 2021, with scheduled increases linked to average life expectancy.

2. Can I request early retirement?

Yes, you can request early retirement, but it may lead to a reduction in the pension amount, depending upon the age and years of contributions.

3. Do I have a right to a pension if I've never worked?

Portugal provides a non-contributory social pension to residents who have reached the retirement age and have no other income means. Specific conditions apply, and it's best to seek professional advice.

4. Can I continue to work while receiving a pension?

Yes, you can continue to work while also receiving a pension. However, income from work may impact the tax paid on the pension.

5. What if I have an issue with my private pension fund?

If issues arise with your private pension fund, you can approach the Portuguese Insurance and Pension Funds Supervisory Authority or consider legal action if necessary.

Additional Resources

The Portuguese Social Security Institute (Segurança Social) provides comprehensive information on pensions. The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) provides information on private pension funds. The Office for the Support of the Contribution Payers (GAAC) is a source of valuable advice on pensions and contributions.

Next Steps

If you feel you may need legal assistance regarding pensions, it is recommended to contact a lawyer specializing in this area. Before your consultation, gather all relevant documentation you have related to your pension. This may include your employment history, details of contributions made, and any prior correspondences related to your pension. A skilled legal professional can help ascertain your situation and advise on the best course of action.