Impact of the Recent Reform of the Portuguese Public Employees’ Pension System

Manuel Pereira and Maria Campos

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: This paper analyses the effects of the recent reform of the Estatuto da Aposentação, applicable to the contributors of the Caixa Geral de Aposentações (CGA). Using the "2005 Public Administration Human Resources Database", a simulation exercise is undertaken in order to evaluate the impact of the reform on the time-profile of retirements, initial pensions and CGA pension-related expenditure. The results show that the reform has heterogeneous effects, but, for most public employees, it results in an extension of the contributory career and a decrease in initial pensions, generating a reduction in the CGA pension-related expenditure.

JEL-codes: H55 J26 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Journal Article: Impact of the Recent Reform of the Portuguese Public Employees' Pension System (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w200812

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