AIST – Equal Pay Day – Gender Pay Gap Leads to Gaping Hole at Retirement (FED)

01 Sep 2012 8:19 PM | Anonymous

Ahead of Equal Pay Day this Sunday, September 2nd, The Australian Institute of Superannuation Trustees (AIST) – the peak body for the $500 billion not-for-profit super sector – has called on the Government to prioritise policies that will close the growing gap in women’s retirement savings. AIST CEO Fiona Reynolds said ongoing pay inequity, combined with women’s lower participation rates in the workforce and the fact that women live longer than men, means that many Australian women would continue to struggle in retirement, with less than half the retirement savings of men. Closing the gender pay gap and introducing measures that compensate women for time out of the paid workforce to raise children and act as carers are critical steps to improving women’s retirement outcomes, Ms Reynolds said.  To read the full AIST Media Release open the following:  Media Release AIST EPD August 2012

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