PRE-RETIREMENT

» Concept

It is considered pre-retirement the situation of reduction or of suspension of work in which the public employee with age equal or higher than 55 years maintain the right to receive from the public employer entity a monthly cash benefit until the date of the extinction of the pre-retirement situation

Pre-retirement benefit

The rules for the fixing of the benefit to be granted in the situation of pre-retirement that corresponds to the suspension of the performance of work are fixed by regulatory decree

Formalities

» It is formed by agreement between the public employer entity and the public employee

» Depends upon previous authorization from the competent members of the Government (Finances and Public Administration)

Content of the agreement

» Date of the commencement of the pre-retirement situation

» Amount of the benefit

» Form of organisation of the work time in the case of reduction of the performance of work

Note

The pre-retirement agreement shall be forwarded by the public employer entity to the Social Security or, being the case to the Civil Servants Special Pension Scheme - Caixa Geral de Aposentações, in relation to the month of its coming into force and effect

» Compensation

In case of reduction

Fixed and based upon the last compensation received by the worker, in proportion to the normal period of work agreed upon, being annually updated

In case of suspension

In terms to be regulated

» Extinction of the pre-retirement situation

The pre-retirement situation may be extinct:

» With the change to the situation of pensioner due to age limit or disability

» With the resumption to full performance of functions, by agreement between the public employee and the Public Employer Entity

» With the resumption to full performance of functions, irrespective of an agreement, in the case of the referred to entity do not make the due punctual pay of the pre-retirement benefit, for more than 30 days

» With the termination of the contract