Pension Pay Gap

Meeting: 
MQT on 2018-12-20
Session date: 
December 20, 2018
Reference: 
2018/5363
Question By: 
Florence Eshalomi
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Women are worse off even in their pensions. Research suggests the gap between men and women’s pension income is more than twice that of the gender pay gap. A) Do you agree that low paid women with several jobs should qualify for state pensions and childbirth should not mean a loss of pension contributions? B) What are you doing to ensure women in London do not face a pay gap even in retirement?

Answer

Pension Pay Gap

Pension Pay Gap

Answered By: 
The Mayor

I agree that low paid women with several jobs should qualify for state pensions and childbirth should not mean a loss of pension contributions. Last year I wrote to the Secretary of State for Work and Pensions to express my concern at the issues that fuel the pension income gap.

To tackle these issues in London directly, I am promoting the London Living Wage; using the Good Work Standard to encourage employers to support women to progress in their careers; working to make flexible and affordable childcare available to families in London; and ensuring that women in London have the right skills to get the best jobs in their chosen sectors.

Boosting parental employment rates is also a specific priority in my new European Social Fund programme.