500 signatures reached
To: Australian Parliamentarians
Get Super Working For Women
The superannuation system is failing women. Recent research shows that the superannuation balances of women are 47% lower than for men, and many women will retire into poverty.
The gender pay gap, particularly in feminised industries and occupations, is only one part of a wicked problem that women in Australia face.
The problem starts from day one of work – women work for lower pay, and work less because they make and keep homes, raise kids and care for their whole families, but are not paid for the contributions that women typically make to support others.
As a lot of women’s work is unpaid or underpaid women’s superannuation balances fall further and further behind, and women are retiring with around half as much superannuation as men.
Every day we ignore this problem, the impact will get worse. Urgent action needs to be taken to get super working for women.
We call on our parliamentarians to:
1. Ensure superannuation is paid on the government’s paid parental leave scheme.
2. Eliminate the minimum threshold for compulsory employer contributions of $450 per month in earnings, so that even if we only work for a few hours a month for a particular employer we are still paid superannuation.
3. Immediately implement the planned increase in compulsory superannuation to 12%.
4. Put in place structures that encourage superannuation contribution sharing when only one parent is working.
5. Fund government co-contribution top-ups for workers who are not on track for a decent retirement.
Why is this important?
The Australian Services Union is campaigning to Get Super Working For Women, following recent research which shows that the current superannuation system is failing women. Women are retiring into poverty, with only, on average, half as much superannuation as men.