Consequences for the pension
Women’s side test from us
Children, care or more free time: there are many reasons to reduce your working hours. However, the impact on the pension is always the same - in old age, part-time work results in a significant reduction in the pension amount. What could be done to improve the situation?
"One man is not a pension plan" is the title of a book by German financial expert Helma Sick. It deals with the importance of financial independence for women and how drastically a long career break or long-term part-time work can affect a pension. Nevertheless, according to the Momentum Institute's pension report, the female part-time employment rate in Austria was 50.6% in 2023, which is significantly higher than the EU average of 29.3%. Parenthood in particular influences employment in different directions.
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