• Portugal: minimum monthly wage is increased to € 850.00 in the Autonomous Region of Madeira

    The increase will be effective as from January 1st, 2024, onwards.
  • Portugal: New amendments to the Sustainable Employment Commitment Measure

    The amendments to the Sustainable Employment Commitment Measure are intended to enabling it to contribute to a real increase of employees' salaries, establishing minimum thresholds for the base salary to be paid to employees, and also adjusting the Measure to the current reality of the labor market.
  • Annual Salary Bonus approved for bachelors and masters working in Portugal

    The Salary Bonus has an annual value of between 697 euro (years for bachelor's degree) and 1,500 euro (years for master's degree) and will be paid to those who have these academic degrees and for the number of years equivalent to the ones needed to complete them.
  • Introduction of important amendments to Work Compensation Funds’ legal framework

    The introduced amendments are to convert the Work Compensation Fund (WCF) into a closed accounting fund with new objectives (supporting costs and investment in employees' housing, on their certified training as well as other investments agreed with the employees’ representatives), also enabling employers to use the amounts that are on their WCF’s balances for these new objectives.
  • Portugal: Indexing reference for social aid updated to 509,26 euro in 2024

    This index is the reference for several social security aids.
  • Portugal: Work accident pensions increase by 6% for 2024

    The value of pensions for accidents at work is updated annually, in line with the evolution of Portuguese GDP and the CPI in Portugal.
  • Portugal: Retirement age increases to 66 years and 7 months in 2025

    Considering the increase of life expectancy recorded in 2022 and 2023, the standard age to access retirement pension in the Portuguese general social security system in 2025 will increase to 66 years and 7 months.
  • Portugal will raise the monthly minimum wage to 820 euros by 2024

    It was published in the official gazette Decree-Law no. 107/2023, of 17 November, ruling the increase of the minimum monthly wage, with effects from January 1, 2024, onwards.
  • Social Security Multilateral Convention of Portuguese Language Countries Community (“CPLP”) was approved

    Decree no. 24/2023, of 25 August was published, approving the Multilateral Convention on Social Security of Portuguese Language Countries Community (“CPLP”).
  • Portugal: Creation and regulation of the AVANÇAR program

    This program grants financial support to employers who enter open-ended employment contracts with young unemployed persons aged 35 or under.