Informality leads to lower salaries and a greater risk of poverty, but can also lead to weak labour market attachment. When men retire, they receive a pension equivalent to 70% of their average salary during the last 10 years, while for women it is on average 51%, according to the Superintendencia de Pensiones. In addition, women’s pensions are based on lower salaries than men’s. Hence, women retire with lower pensions and, because they live several years longer than men, they are at a greater risk of poverty.