Pension Funds/Opinions/Pensions and benefits

Old-age pension supplement

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Under the terms of Decree-Law no. 12/2006, of 20 January (Legal Framework of Pension Funds), it is permissible for the constitutive contract to stipulate that the right to an old-age retirement pension is acquired only and only at the "minimum age assumed to be adequate for the cessation of the exercise of professional activity" (cf. number 2 of article 2 of Decree-Law no. 1/2003).This is because, when professional pension plans are not "in the nature of complementary professional schemes" (cf. number 3 of article 6 of Decree-Law no. 12/2006), we are within the scope of private autonomy, not contradicting the provisions of social security law or labour law.

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