Lisbon, May 23, 2025 (Lusa) - Portugal's Work Accident Fund last year had 2,020 compensation cases under management, of which 1,854 related to pensions being paid out, according to data from the insurance sector regulator.
"The overall value of the amounts paid to claimants and pensioners totalled 10.2 million euros in 2024, showing a decrease of approximately 3.5% compared to 2023," reads the Statistical Report of the Labour Accidents Fund (FAT), published today by the Insurance and Pension Funds Supervisory Authority (ASF).
Reimbursements to insurance companies, which account for around 82.6% of total FAT expenditure, totalled €48.6 million, an increase of 20.9% on the same period last year.
According to the regulator, these reimbursements "relate to pension updates, additional twelfths and supplementary instalments for third-party assistance".
The report also indicates that in 2024, the amount received by the FAT from reimbursements of indemnities and reversals totalled €2.7 million, an increase of 21.9% year-on-year.
In turn, the revenue "resulting from the application of the percentages of 0.15% on insured salaries and 0.85% on the capital redemption of pensions in payment and on the mathematical provision for supplementary benefits for third-party assistance, was approximately €135.8 million and €9.6 million, respectively," the organisation adds.
The revenue collected from fines was around €4.6 million, with overall "revenue from insurance companies and fines in 2024 increasing by around 17.3% compared to 2023," adds the ASF.
The FAT is a public fund, endowed with administrative and financial autonomy, managed by the ASF, which is responsible for guaranteeing "the payment of compensation arising from accidents at work in cases where employers are economically incapable of doing so" and "the reimbursement to insurance companies of the amounts of pension updates for which they are responsible."
It is also responsible for "paying the labour accident insurance premiums of companies in the process of economic recovery, processing the reinsurance and retrocession of rejected labour accident insurance risks and processing the subsequent receipt of compensation for the death of claimants without beneficiaries (reversals)," the document notes.
JMF/ARO // ARO.
Lusa
