Social Security provides a supplement designed to reduce gender gaps in pension benefits, with a focus on supporting women. More than 500,000 individuals have already benefited from this program, which aims to promote equality in retirement income. The incentive applies not only to retirees but also to those who receive a pension due to permanent disability or widowhood, provided they meet specified criteria.
The supplementary payment is available to recipients who pause their contributions due to childcare responsibilities. The amount varies with the number of children. Mothers who collect a contributory pension and have children registered in the civil registry may qualify for this support if their pension is lower than the corresponding pension of the father. The calculation considers the contribution periods of both parents before and after the birth of the child.
The program offers grants up to 121.6 euros per month for each child, with eligibility extending to families with up to four children. This incentive continues until the gender pension gap narrows to 5%. For individuals seeking an increase in retirement benefits, this program represents a meaningful opportunity worth exploring. [Cited: Social Security Administration]
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In summary, the gender equality retirement supplement serves as a practical mechanism to promote stronger income parity in retirement. Social Security has implemented substantial measures to recognize and reward caregiving contributions, providing meaningful financial support to those who have dedicated years to child care. [Cited: Social Security Administration]