Expected Pension Increases and Reform Conditions
February 15, 2026
Pension increases are expected to be noticeable starting January 1, 2027, with larger raises for low-income retirees. The reform will initially focus on the first pillar, related to the Social Insurance Fund. Trade unions demand the simultaneous advancement of all pillars, but the government believes that the implementation of the second pillar will take at least four years. There is a need for caution in the investment policy of the fund, as it concerns the money of many generations. The minister mentions that there will be differentiation in the reduction of pensions through an actuarial study.