Business · Economy · 13 hrs ago

Women in the EU receive pensions 24.5% lower than men

Women in the EU receive pensions 24.5% lower than men

Women in the European Union receive pensions 24.5% lower than men’s, a gap discussed by experts and lawmakers at the European Parliament during Gender Equality Week.

Lower lifetime earnings are the main reason, as women more often work part-time and take time away from paid work for care.

These differences can reduce both their public pensions and savings through workplace pension plans.

The gap has narrowed over time: OECD figures show it fell from 28% in 2007 to 23% in 2024, while Spain’s gap is now 29.2%.

France, Belgium and Spain have passed laws that count time spent caring for children as work when calculating pensions.

Experts also pointed to tax rules and called for greater pay transparency and financial education.

There is no single best pension system for women, one OECD expert said, because outcomes depend on the labour market.

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What people are saying

Monika QueisserOECD senior adviser and head of the social policy division
The predominant factor is accumulated income due to differences in hours worked.
via La Vanguardia
They ask us: ‘What is the best pension system for women in the world?’ And we answer: There isn’t one, because everything depends on the labour market.
via La Vanguardia
Lina SalanauskaiteResearcher at the European Institute for Gender Equality
People with low incomes, among whom women are more often found, receive less tax relief.
via La Vanguardia