Employee Benefits Report

Product Employee Benefits Reports Rev Portugal

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Portugal

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for Portugal. Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Portugal provides expert analysis of the Portuguese benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Portugal or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Portugal, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Portugal, the report outlines the employment benefits requirements for your employees in Portugal. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of Portugal, the local political situation, and climate, operational, and security risks.

Portugal Report Extract

Below is a very brief extract of information from the Portuguese Employee Benefits Report; more updated information may be available in the latest published report.


Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through the social security general plan, administered by the Social Security Institute (Instituto da Seguranca Social - ISS).

Typical Employer Practice

Axco provides an indication of the percentage of multinational and local leading employers that provide supplementary retirement benefits and sector information

The report contains more information on retirement benefits in Poland including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more

Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities are provided by the employer through severance pay and compensation for unfair dismissal.

For employment contracts commencing from 1 October 2013 (excluding employment contracts of two months or less) the employer must contribute to the:

  • Labour Compensation Fund (Fundo de Compensacao do Trabalho - FCT) or an Equivalent Mechanism (Mecanismo Equivalente - ME), and
  • Labour Compensation Guarantee Fund (Fundo de Garantia de Compensacao do Trabalho - FGCT).

Axco provides information on the percentage of employer contributions to the FCT or ME and  to the FGCT

Typical Employer Practice

Employers do not typically provide supplementary termination indemnities.

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report

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