500,000 working women have no private pensions

ALMOST half a million working women have no private pensions to support them in their future years, it emerged yesterday.

Social Affairs Minister Seamus Brennan said the situation for those in part-time jobs was even worse with up to 95% of women without pensions. Speaking on International Women’s Day, Mr Brennan warned, unless pensions coverage improved significantly in the decades ahead, women would be forced to live poorer lives.

Mr Brennan has asked the Pensions Board to redouble their efforts to highlight the problem for women and to make every effort to encourage them to plan for an adequate income in their later years.