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As Rajiv Prabhakar (OpenU) points out, its not just the gender pay gap that is a problem, its the long-term impact of that gap on pension provision for women. As he points out, this means the cost(s) to individual women of unpaid care continue into later life.
For those who have retired already, there is little (outside the benefits system) that can be done, for women still in work, any reduction in the gap will have some positive impact on pensions!
#women #pensions
https://theconversation.com/how-the-gender-pay-gap-evolves-into-a-gender-pension-gap-242506
It never entered my head that taking a career break to meet caring responsibilities would mean my previous experience seemed to mean nothing and that I'd have to start again at the bottom of the greasy pole.
That decision has had wide-ranging consequences.
@ChrisMayLA6 Your pay also affects the amount of your Social Security income.
@ChrisMayLA6 though final salary schemes did mitigate this to an extent for many employees as once on the final salary rate the pensions were similar.
Yes bt off corse, defined benefit schemes are being closed all over, and converted at best to career average & at worst to defined contribution, reinforcing the inequality