Equal Pensions Day: Raise minimum pensions above the poverty line!

Equal Pensions Day: Raise minimum pensions above the poverty line!

2024-08-05 08:36:34

Vienna(OTS) –

In 2024, “Equal Pensions Day” will arrive on August 6, which means that by the end of the year, women will receive 40% less pensions than men. The collection and release has been a decade in the making and if things continue at this rate it will take ‘forever’ for the women and men of Austria to achieve this goal. Austria must take targeted measures to overcome this inequality and the poverty of older women,” Kostka demanded.

The next pension adjustment is already an opportunity. Here again, the government has done nothing to reduce old-age poverty as set out in government plans. The Independent Pensioners Association criticized that despite the increase, the compensation allowance (commonly known as the “minimum pension”) will still be below the poverty line by 2025.

Zwtl: Minimum pension still 200 euros below poverty line
“We know that older women are deeply affected by poverty; about 30% of women living alone are at risk of poverty! Those with an average net pension of only €1,200 spend almost all of their money on goods and services that are more expensive than average: food, rent , energy. “Unfortunately, the government has once again done nothing to solve the problem, which on the one hand does not allow these regions to increase so much, and on the other hand the compensation allowance is still about 200 euros below the poverty line,” Kostka criticized road.
Kostka therefore demanded that “the compensation cannot be lower than the poverty line. This is the need of the times, and women must be specially protected from poverty!”

Zwtl: Grandparent leave doesn’t solve the problem
Against this background, the Independent Pensioners Association believes that the proposed grandparent leave will do nothing to change the structurally lower situation of women’s pensions. Kostka: “Grandparent leave will not change this government’s goal of halving elderly poverty, nor will it solve the problem. On the contrary, as all experts say, finally establishing full-day, affordable childcare across Austria Facilities are more urgent. This is the only way to improve women’s employment history financially and specifically overcome the risk of women falling into poverty upon retirement.

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