- 11 Feb 2020 9:21 AM
- Budapest Business Journal
While women received lower pensions in all EU member states, the extent of the gap varied widely. The largest difference was registered in Luxembourg, where women aged over 65 received 43% less pension than men. The gap was also significant in Malta (42%), the Netherlands (40%), Austria (39%), Cyprus (38%) and Germany (37%).
On the other end of the spectrum, the smallest differences were reported in Estonia (1%), Denmark (7%), Slovakia (8%), and the Czech Republic (13%), followed by Hungary.
Eurostat says that compared with 2010, the gender pension gap has decreased in the majority member states. The agency recorded the most significant decreases in Greece (from 37% in 2010 to 25% in 2018, - 12 percentage points), Denmark (-11 pp), Belgium and Slovenia (both -10 pp) as well as in France (-9 pp).
However, the gender pension gap increased in seven member states over the same period. The most significant increase was observed in Malta (from 22% in 2010 to 42% in 2018, +20 pp), followed by Latvia (+9 pp) and Croatia (+4 pp), while it remained unchanged in Slovakia.
Poverty risk also below EU average
In 2018, the proportion of pensioners aged at risk of poverty in the European Union (EU) stood at 15%, up 1 pp since 2017, yet below the risk of poverty of working-age population (16 to 64 years), which stands at almost 17%.
In Hungary, only 10% of pensioners are at risk of poverty, the joint-fourth lowest rate in the EU. The lowest rates were recorded in Slovakia (6%), France (8%), Greece (9%), followed by Denmark, Luxembourg, and Hungary (all 10%).
The countries with an at-risk-of-poverty rate above 30% were Estonia (54%), Latvia (50%), Lithuania (41%) and Bulgaria (30%).