The 2022 RRIP analysis of what retirement looks like for women has further highlighted how disproportionally worse off they tend to be compared to men.
The impact of working part-time, gender bias and gender pay gaps disadvantage women and are reflected in KiwiSaver balances at 65 years old.
Recommendations for the RRIP focus on practical steps to increase women’s KiwiSaver balances and put women in a stronger financial position by retirement.
The recommendations are to continue to address gender and ethnic pay gaps, occupational gender segregation and ensure KiwiSaver contributions are maintained during periods of parental leave.