Financial Standard Comments - Paying women more super not the answer Senator Jenny McAllister believes many people don't feel comfortable with the idea of paying women more superannuation as a government response to fix the gender retirement savings gap. https://www.financialstandard.com.au/feed/latest?story=77696449 Tue, 15 Dec 2015 14:08:32 +1100 Tue, 15 Dec 2015 14:08:32 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Kevin Williamson (Retired)

Thankyou, thankyou, thankyou for highlighting the benefits of compound interest and the need to stay in the workforce.

I feel that I have been struggling to get people to understand that for men and women to each have an equal period in retirement (say 15 years) then a woman should retire at an age 2 years older than a man, using her longevity advantage to make up for any earlier years when she has not worked.

Those extra years of contributions and compound interest (on her higher pre-retirement balance) will compensate her, allowing each gender to use their similar super over a comparable retirement period.

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]]> Kevin Williamson (Retired) Tue, 15 Dec 2015 14:08:32 +1100