Gender Inequality in the Slovak Republic Pension System

Abstract

The main objective of this paper is to analyse gender inequality in pension system. Gender inequality is the crucial question for presence in all aspect of working and social life across the countries around the world. Huge gap between genders creates tension and frustration on both sides of the barricades. Wrong set up of the first tier shows increase of the differences between women and men in retirement age. Part of the objective is analysis of current financial situation regards on increasing outcomes from pension system, demography and life expectancy. We will analyse outcomes for different group of retirees such widows or retirees with minimal pension outcomes. Based on this analysis we will propose our recommendations for increasing the equality with focus on the sustainability of the first tier in the Slovak pension system. The paper will focus on the main pension system indicators, such as gender inequality, population demography, retirement age and pension indexation regard to retirement – income adequacy.