Pensions gap should be levelled off, says expert

Fri, 27 Jul 2007

Britain's General Union has called for pensions to be "levelled off" between the sexes.

Pensions officer at Britain's General Union Naomi Cook commented that the pensions gap between men and women needed closing.

According to Ms Cook, different working patterns and the responsibility of women in society to become carers for sick or elderly people has led to unfair pensions differences, with the state and employers needing to reconcile the problems.

Speaking about female carers and the amount of national insurance they receive, Ms Cook remarked: "The more it is brought in line so that time spent caring is equivalent to time spent contributing to the economy through work, the closer that is, the better."

Home responsibilities protection has gone a small way to mitigating the difference, she added.

Women will not be able to receive an equivalent pension to men for at least 45 years, according to the Equal Opportunities Commission.

It was announced today that women and carers should benefit from the Pensions Act 2007 which has received royal assent. The act means more money will be handed out to women, although the age of retirement is likely to rise to 68 by 2046.


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