Tavares, JoséSantos, Rafael Costa2022-08-182025-01-132021-01-132021-01-13http://hdl.handle.net/10362/143101This paper aims to expose the currently unsustainable situation of the Portuguese pension system. It does so by highlighting key metrics and comparing its structure to that recommended by think-tanks in the sector. Moreover, it brings forward analysis of the Australian pension system, as an example to follow –it is shown that Australia imposes a smaller contribution rate for pensions while still coping well with average pensions and poverty among elders. Furthermore, the Chile’s transition from a PAYG system to a fully funded based one is presented, to show how may Portugal replicate it, key lessons are extracted to be factored in a potential reform to the Portuguese system.engPension systemPaygFully fundedTransitionPortugalAustraliaChilemaster thesis202793001