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ARTICLE · 20 MARCH 2018

Pensions Update: A Man's World

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

Mason Hayes & Curran LLP

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A statistic that receives far less attention is the gender pension gap which is 39%.

IrelandEmployment and HR
Stephen Gillick
Stephen Gillick
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Pension problems for women

The field of pensions has a number of general issues such as overall coverage and adequacy that are not gender specific but statistics show that women tend to be in a far poorer position when it comes to retirement than their male counterparts.

The gender pay gap, which is approximately 13.5% in Ireland, has been widely reported as being an issue that needs to be resolved. A statistic that receives far less attention is the gender pension gap which is 39%. This means that in retirement a man is 39% financially better off than an equivalent woman.

The question of how the gender pay gap almost triples in retirement is something that has not received the attention it deserves and is a massive concern that the pensions industry and Irish society as a whole must tackle and rectify.

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