According to the provisional estimate of average life expectancy at age 65 for the 2022-2024 triennium, released by the National Statistics Institute (INE), this value was estimated at 20.02 years, which corresponds to an increase of 0 .27 years (3.24 months) compared to the previous three-year period (19.75 years in 2021-2023).

Based on this data, it is possible to calculate that in 2026 the legal retirement age will be 66 years and nine months.

This value is two months higher than that of 2025, the year in which the retirement age increases by three months compared to 2024, to 66 years and seven months.

In 2024, the retirement age remained unchanged, at 66 years and four months, compared to 2023, a year in which there was a decrease of three months compared to the age set for 2022, something unprecedented since the retirement age became be associated with average life expectancy.

Both the reduction in 2023 and the maintenance of the age for 2024 are associated with the decline in average life expectancy due to mortality associated with the Covid-19 pandemic and its incidence among the older population.

The provisional value of life expectancy at age 65, calculated annually by INE, is published in November, serving as a reference for the purposes of determining the normal age for access to the old-age pension under the general Social Security regime and the sustainability factor to be applied to the statutory value of old-age pensions under the general Social Security regime.