Women getting about half of what men get
The inequity women face in the workforce is following them into retirement.
Fewer women end up with Canada and Quebec Pension Plan retirement pensions because fewer are in paid jobs, and when they are in the plans, they receive much less money than men.
The average monthly CPP payment to women in 1999 was $299, just a little more than half of the $533 a month men received, according to a report (A Pension Primer) last year by the National Council of Welfare.
The Ontario Federation of Labour says that the low pension pay is a reflection of the problems women are facing in the workforce.
A number of socio-demographic factors work against women in terms of planning their retirement savings, said Lillian Zimmerman, at Simon Fraser University’s Gerontology Research Centre, in Vancouver.
Compounding the problem is the fact that, after the age of 65, women generally outlive men by five years.
Fewer women end up with Canada and Quebec Pension Plan retirement pensions because fewer are in paid jobs, and when they are in the plans, they receive much less money than men.
The average monthly CPP payment to women in 1999 was $299, just a little more than half of the $533 a month men received, according to a report (A Pension Primer) last year by the National Council of Welfare.
The Ontario Federation of Labour says that the low pension pay is a reflection of the problems women are facing in the workforce.
A number of socio-demographic factors work against women in terms of planning their retirement savings, said Lillian Zimmerman, at Simon Fraser University’s Gerontology Research Centre, in Vancouver.
Compounding the problem is the fact that, after the age of 65, women generally outlive men by five years.
