5 Minute News

Discussion on Pension Reform Agreements

May 23, 2026

The Labor Advisory Body is meeting to continue discussions on pension reform. Three key points have been agreed upon, such as no reduction in pensions and the establishment of an Independent Authority for managing reserves. However, several important issues remain unresolved, including the reduction of penalties and increases in low pensions. Unions demand a comprehensive plan that involves all pillars of the reform. Without a full agreement, the reform risks delays due to potential political changes by 2028.