Official figures from the Federal Ministry of Labour and Social Affairs indicate that in 2016, 48% of retirees had a state pension of less than 800 euro a month. Raising the bar to 1,000 euro, the proportion is 62% of the total number of retirees (almost 11.5 million people). According to the authorities state pensions are often supplemented by income from private funds or pension schemes offered by companies. Data on the number of pensioners who benefit from this extra income are not available. Poverty in old age is especially prevalent amongst women. Poverty in old age is expected to increase from 16.2% today to 20.2% in 2036.
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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI