Bump in Government-Paid Parental Leave Super

March 8, 2024 9:05 am in by
Credit: Gold Central Victoria - Minister Bill Shorten & Local MP Lisa Chesters outside of Services Australia, Bendigo.

In time for International Women’s Day, the federal government is ‘righting a wrong’ by announcing they will pay superannuation on government-funded parental leave entitlements from 1 July 2025.

This follows ongoing public calls to ensure women don’t fall behind in their retirement savings.

This decision follows changes to the paid parental leave system last July which gives new families 100 payable days of leave. That figure will continue to rise until it reaches 26 weeks by July 2026.

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The move also aims to be inclusive of same-sex or single-parent households.

Lisa Chesters, Local Federal MP met with Minster for Government Services, Bill Shorten, in Bendigo yesterday to make the announcement.

Previously, Labor committed to including super on government PPL, but later ditched the proposal, citing costs.

The Women’s Economic Equality Task Force was asked by the Federal Government to recommend ways to improve the financial position of women.