New figures from the Federal Ministry of Labor show that every third woman working full-time will later receive a pension of less than 1,000 euros. There is criticism for this from the left-wing faction: “Millions of women are threatened with a slide into poverty in old age.”
Every third woman with a full-time job in Germany is threatened with a pension of less than 1000 euros per month even after 40 years of work. This emerges from a response from the Federal Ministry of Labor to a left-wing request that is available to the editorial network Germany (RND/Sunday). According to this, around 2.7 million full-time women earn so little that their monthly pension will be less than 1,000 euros even if they retire regularly after 40 years. With a total of 7.1 million full-time employees, this is around 38 percent.
In order to get a monthly pension of 1000 euros net, women and men in Germany currently have to earn 2844 euros gross per month for 40 years. In order to be entitled to a pension of 1200 euros, employees need a gross monthly wage of 3413 euros for 40 years, the answer says.
The data also show that women will be disproportionately affected by low pensions. Only just under a third of all full-time employees are women, namely 32.6 percent in total. In contrast, the proportion of women among full-time employees with low pensions is significantly higher: 48.5 percent of full-time employees who expect a pension of less than 1,000 euros even after 45 years of work are female.
For left-wing faction leader Dietmar Bartsch, who made the request to the Ministry of Labour, these are “catastrophic numbers” in view of inflation and the already high level of old-age poverty among women: “More than half of all full-time employees will receive less than 1200 euros after 40 years of drudgery” , Bartsch told the RND. He spoke of disrespect for women. “Millions of women are at risk of falling into poverty in old age,” warned the Left Party.
