The party was established in 1990 and sought to represent the interests of pensioners.

[1] In the 1991 parliamentary elections it received 1.68% of the vote and won a seat in the Assembly of the Republic,[2] taken by its president, Manuel Sérgio.

However, its vote share was reduced to just 0.21% in the 1995 elections, resulting in the party losing its seat.

After failing to regain parliamentary representation, it did not contest any further elections,[2] and was declared defunct in 2006.

[1] The party also contested the elections for the European Parliament in 1994 and 1999, winning no seats in both cases.