Cavaco believes retirement age may be close to 80 in 2050

The former Portuguese president says he is not surprised by a study that argues it will be necessary to work until the age of 69 to secure pensions. Cavaco Silva also claimed Portugal is on its way to being the worst country in the Eurozone.

The former Portuguese president says retirement age may be "not far" from 80 in 2050. In an interview with Renascença, Aníbal Cavaco Silva said he was not surprised by the study released last week by the Francisco Manuel dos Santos Foundation, according to which it will be necessary to work until the age of 69 to secure pensions.

"The prediction is that not many years from now, but certainly after 2030, the retirement age will be much later than the previously known 65 years. It is even said that by 2050, the retirement age will not be far from 80. That is why the conclusion of the study does not surprise me", Cavaco Silva said.

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