Pension fund cuts 3,000 monthly payments after calculation error
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The state pension fund, Caixa Geral de Aposentações, is correcting 3,000 pensions awarded over the summer after discovering a clerical error. The correction will result in an average reduction of 93 euros per month for those affected.
The private sector is faring little better. A bankrupt fertility clinic has reported debts of one million euros against a bank balance of just 11,000 euros, while social institutions warn that rising fuel costs are exacerbating their financial struggles.
In the halls of the Social Democratic Party, unity remains a work in progress. A national councilor has publicly labeled Paulo Rangel a traitor to the country, providing a sharp domestic contrast to Prime Minister Luís Montenegro’s more diplomatic afternoon at the MED9 summit in Croatia.