According to a new study by the Trade Unions Congress, a combination of low pay, part-time work, jobs that don’t offer pensions and shorter working lives mean that, compared with men, women are almost always going to be ‘short-changed’ in their old age.
TUC general secretary Brendan Barber, said: ‘Our pension system was not designed with women in mind. It is out-of-date and condemns many millions of women to an uncertain and precarious retirement.
‘Our pensions crisis has a very definite female face, with women being penalised and losing out for taking time out of work to bring up their children.
‘The government needs to act to put a stop to this continuing pensions gender inequality. A few small changes would make a major difference to women’s lives and at a cost that won’t break the bank.’
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