Calling on politicians to stand-up for super & women
The Morrison Government’s recent announcement to review retirement income of Australians must result in addressing the disparity in superannuation outcomes for women. The Australian nursing and midwifery workforces comprise 89 per cent women, who on average retire with 40 percent less superannuation than men, even in female dominated professions.
We need reform that addresses the current gender pay gap, prioritises an increase to the superannuation guarantee to 12% and include the superannuation guarantee in the commonwealth parental leave scheme so that women are not penalised for taking time to raise their families.
It’s also time to remove the exemption that allows employers to avoid paying super to employees who earn less than $450 per month. Aged care workers who may work for multiple employers within a month but earn less than $450 in each role are currently paid no superannuation. Woman are over represented in part-time and casual positions in the workforce, this $450 exemption to the superannuation guarantee disproportionately affects women.
Every Australian deserves a secure retirement and comfortable standard of living. The answer is not to make superannuation optional for low income earners as has been suggested by some Liberal Senators recently. The answer is to keep to the legislated plan to increase the super guarantee to 12% and urgently address the barriers that woman face when saving for retirement.