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FIAP > Boletín – Otras Publicaciones > “The 2024 pension adequacy report” – European Commission- June 2024
23 August, 2024

“The 2024 pension adequacy report” – European Commission- June 2024

The report on the adequacy of pensions published by the European Commission highlights the importance of resilient European pension systems in the face of global challenges. The report highlights that while European pension systems have protected the living standards of retirees in the face of global challenges, pensions are projected to decline over the next 4 decades, calling for strengthened policies to promote longer careers, healthy ageing policies, inclusive labour markets and greater flexibility in retirement arrangements. According to the results, women in the EU receive, on average, 26.1% less pension income than men, and 5.3% of women receive no pension at all. These differences are due to gender pay gaps, shorter or interrupted careers and a higher number of part-time jobs. Pensions for former self-employed workers are projected to be one third lower than those of full-time employees with a similar career length. Part-time and fixed-term workers also face low incomes and fewer opportunities to accumulate pension rights. For people with severe care needs, long-term care costs can exceed pension income, highlighting the need for comprehensive social protection support.

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