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Austria Today

Austrian news in English

Saturday, November 23, 2024

Gender Pension Gap Persists in Austria

Published: 2024-08-03

In Austria, the gender pension gap remains a significant issue, with women receiving about 40% less in pensions than men.

This disparity is highlighted by the Equal Pension Day, which falls on August 4 in Lower Austria, marking the day when men have already received as much pension as women will by the end of the year.

Women earn an average pension of €1,378 compared to men's €2,300, leading to a monthly shortfall of €922. Factors contributing to this gap include unpaid domestic work, part-time employment, and lower wages.

Activists and politicians are calling for measures such as wage transparency and better childcare support to address these inequalities.

The situation is particularly dire for older women, with many relying on social benefits due to insufficient pensions, raising concerns about poverty in retirement.