Mums and dads will receive superannuation on top of government-funded paid parental leave payments, in a major spending commitment ahead of the May budget aimed at bolstering Labor’s gender equity credentials.
Women’s Minister Katy Gallagher will on Thursday unveil a plan to increase the nearly $900 a week payment by 12 per cent, which will go into superannuation accounts for the 180,000 parents who access the scheme every year.
Senator Gallagher said the measure would “close the super gap”, with men generally retiring with about 25 per cent more superannuation than women.
The announcement comes almost a year after the government’s Women’s Economic Equality Taskforce recommended it take “urgent” action to add super to PPL, which Senator Gallagher said she was actively considering ahead of the May 2023 budget.
Source: Superannuation will be added to Paid Parental Leave scheme | The Australian