The IMCO explained that this social program will help women who face greater economic vulnerability in old age, due to precarious working conditions since they dedicate a large proportion of their time to unpaid care work.
For this reason, women have less access to contributory pensions or receive them in lower amounts than men.
However, she considers that it will not be enough to close this gap until better working conditions for women are promoted.
“This program seeks to reduce poverty in the elderly with a gender perspective, promoting equality and financial security for women in their retirement. However, this is a palliative solution to improve the quality of life of older women,” she emphasizes.
Given this situation, IMCO suggests promoting the economic participation of women and improving their conditions at work from the moment they enter the labor market.
“Increasing women’s economic participation and promoting their professional careers could sustainably finance contributory pensions,” she adds.
