Labor promises $400m super boost for women

Matt Coughlan for The New Daily writes:
Women on maternity leave or juggling several low-paid jobs would be paid superannuation under a $400 million Labor plan to close the retirement gender gap.
Women retire on average with $113,000 less in their super than men, a gulf of 40 per cent.
The party is also looking to phase out the $450 minimum monthly threshold for eligibility for the superannuation guarantee, helping people in part-time and casual work.
Ms Plibersek said more and more people – particularly women – were working various low-paid jobs to make ends meet.
Australian Council of Trade Unions president Michele O’Neil welcomed Labor’s announcement, but argued the threshold should be scrapped immediately to ensure working women don’t retire in poverty.
https://thenewdaily.com.au/news/national/2018/09/19/labor-super-boost-women/?

Leave a Reply

Your email address will not be published. Required fields are marked *