Ladies! We strive for workplace equality… what about in retirement?
Read time: 4 Minutes Retirement – for some of us it feels like years away, for many others it can’t come soon enough. No matter what stage of your life you are in, if you aren’t already making plans for how you’re going to fund your golden years then perhaps it’s time to start thinking about it. According to the Irish times, nearly two-thirds of women have found themselves with a much lower pension entitlement than expected. While reasons for this vary and the rule to qualify for a full state pension are complicated, factors such as working abroad, self-employment, being a stay-at-home mother or carer have had a huge impact. The Irish Human Rights and Equality Commission found the gap between men and women’s pensions currently stands at 38%. However, the existing gender pay gap, along with the fact that a larger percentage of women work part-time or take career breaks due to family commitments, have resulted in women retiring on average with over a third less than men. These statistics show that many Irish …