Women already retire with far less than men and now some government MPs want to cut super and push women even further behind, a new Industry Super Australia (ISA) campaign video warns.
With more women set to receive the promised super rate increase than men, ensuring it goes ahead is a crucial part of closing the gender super gap.
ISA analysis shows men have $282 billion more than women in their super funds, while on average women retire with 36 per cent less super than men.
A recent retirement survey, commissioned by ISA, found that on average women spend 12 years less in the full-time workforce than men, this time away from work is having a dramatic impact on their super balance.
The last thing Australian women need is for MPs who earn 15% super to get their way and cut the super rate, making it even harder to catch up.