SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Pension blow for Swedish women – worst in the Nordic region

Swedish women are not only losers compared to men when they retire. Nowhere else in the Nordic countries is the system as unequal as in Sweden, a new report shows.

» Published: 19 October 2024

Pension blow for Swedish women – worst in the Nordic region
Photo: Martin Meissner/AP/TT

It is well known that women are at a disadvantage compared to men when it comes to pension. The starting point on the day they leave working life is not only bad from a Swedish perspective, but all other Nordic countries are more equal than Sweden, new figures show.

On behalf of the Swedish Pensioners' Association (PRO), Lina Stenberg at the Equality Institute has investigated the differences in a report to be presented later this autumn.

Among the conclusions is that while there is a 28 per cent difference between men's and women's pensions in Sweden, the difference is only 5 per cent in Iceland and 8 per cent in Denmark.

Too great a difference

Far too much, according to PRO, especially considering that the Nordic countries are fundamentally very similar, notes Joel Stade, expert on pension issues at PRO:

They are similar societies in the Nordic countries, unlike, for example, Germany, where there are still many housewives. This makes the differences striking, and we were quite shocked. We knew there were big differences, but not that big, he says.

The reason behind the unequal system is partly the unequal working life with lower wages for women, and partly the system itself, where the current occupational pension system contributes to the distortion, it is stated in the report.

Better savings

Male-dominated agreements in industries, for example, provide higher savings than agreements among female-dominated professions, such as municipal employees in the public sector.

There hasn't been much debate about this, but now the spotlight must be shone on it. Unions and employers must open their eyes to the fact that the construction yields these skewed results and that they take a discussion and look at this in the upcoming collective bargaining round, says Joel Stade.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Billion Fines for the Family Behind Oxycontin
1 MIN READ

Billion Fines for the Family Behind Oxycontin

Kiruna on government decision: We see ourselves as a colony Translated to English: Kiruna on government decision: We feel colonized
2 MIN READ

Kiruna on government decision: We see ourselves as a colony Translated to English: Kiruna on government decision: We feel colonized

Trump: Move to the USA or Pay Tariffs
2 MIN READ

Trump: Move to the USA or Pay Tariffs

Spotify's CEO makes a major sale – again
1 MIN READ

Spotify's CEO makes a major sale – again

Unclear situation for Israel blockade
1 MIN READ

Unclear situation for Israel blockade

The Government Gives the Green Light for Mine in Kiruna
2 MIN READ

The Government Gives the Green Light for Mine in Kiruna

Major Bank Expects Only One Interest Rate Cut
1 MIN READ

Major Bank Expects Only One Interest Rate Cut

United Kingdom to Investigate Apple and Google
1 MIN READ

United Kingdom to Investigate Apple and Google

The Price of Timber Continues to Rise
1 MIN READ

The Price of Timber Continues to Rise

Norwegian interest rate remains unchanged
1 MIN READ

Norwegian interest rate remains unchanged

Investor increases dividend more than expected
1 MIN READ

Investor increases dividend more than expected

Sandvik CEO: US tariffs would affect us
2 MIN READ

Sandvik CEO: US tariffs would affect us

Stock market up after strong reports
1 MIN READ

Stock market up after strong reports

The Coffee Price the Highest in 50 Years
1 MIN READ

The Coffee Price the Highest in 50 Years

Swedbank distributes 24.6 billion to its owners
3 MIN READ

Swedbank distributes 24.6 billion to its owners

More online Christmas shopping in November than in December
1 MIN READ

More online Christmas shopping in November than in December

Sharp Increase in Bankruptcies
1 MIN READ

Sharp Increase in Bankruptcies

Upwards on Asian Stock Exchanges
1 MIN READ

Upwards on Asian Stock Exchanges

Netflix surged on the stock exchange in New York
1 MIN READ

Netflix surged on the stock exchange in New York

The Head of Essity is Leaving the Company
1 MIN READ

The Head of Essity is Leaving the Company