Community care organisations have a key role to play in engaging with and educating their staff more on topics such as superannuation and retirement planning, and be aware of insurance within super and its benefits, according to industry super fund NGS Super, but it can be challenging to understand the rules around what employers can and can’t say.
Many women are stressed and anxious about the hit to their retirement savings from taking time out of the workforce to nurture children and want government action to address this super inequity, new research from industry super fund HESTA reveals.
The gender superannuation gap for NSW working mothers is getting worse, according to Industry Super Australia, as both major political parties, it says, sit on their hands and won't commit to paying super on the government parental leave scheme.
Despite limited action on the acute aged care crisis, parliament has edged one step closer to ratifying small changes to treasury laws that could see massive, long-term impacts to the financial security of aged care workers and older Australians.
HESTA, the largest superannuation fund to Australia's health and community services sector, says it's disappointed that the last Parliament sitting day for the year has ended without progressing legislation that would fix a super loophole that sees those earning less than $450 a month with an individual employer miss out on super contributions.
About 80 per cent of Australians do not know about an important change to superannuation that could see them tied to a fund for life from today, being stuck in a poor fund that could cost them up to $230,000.