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Vieira da Silva: "At the end of the day, those who pay today's pensions are those who are working today. There is no other way"
Politics

Vieira da Silva: "At the end of the day, those who pay today's pensions are those who are working today. There is no other way"

SIC Notícias15 September 2026 at 12:45

Vieira da Silva participated as a guest on the program "Asking Doesn't Offend," hosted by Daniel Oliveira, where he spoke about the sustainability of the Social Security system in Portugal. During the conversation, the former Minister of Labor and Social Security defended that the Portuguese system is sustainable, contradicting the collapse predictions that have been repeated over the past decades.

The politician highlighted that for about 20 years, Social Security has been presented as being on the brink of collapse, but the accumulated surpluses and successively delayed predictions demonstrate a different reality. He argued that the system has shown the ability to remain balanced over time.

Regarding pension funding, Vieira da Silva stated clearly that "at the end of the day, those who pay today's pensions are those who are working today," adding that "there is no other way" to fund the system. This declaration summarizes his position on the intergenerational structure of Social Security funding.

The debate also addressed the proposals for reforming the system, with the guest analyzing the challenges and future prospects of Portuguese Social Security, defending that the recurring concerns about its viability have not been confirmed in practice.

Why this matters

Readers in Portugal follow with concern the sustainability of the pensions they receive or hope to receive, and this article offers the perspective of a former minister responsible for the portfolio, deconstructing alarmist narratives that have been circulating about Social Security. The discussion about reforms in the system directly affects workers, retirees, and taxpayers.

About this summary

This is our short summary of a report published by SIC Notícias on 15 September 2026 at 12:45; the full text stays with the publisher. In our feed it sits under Politics. We currently carry 30382 items in that section.

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