Plan Sponsor, May 7, 2009

Women remain at a higher risk for retirement insecurity as compared to men, according to a new research brief issued today by the National Institute on Retirement Security (NIRS).  Specifically, the research finds that that a woman with a salary of $50,000 must save $1,000 more per year than her male counterpart to achieve equitable retirement income because of her longer life expectancy. Yet according to a 2007 study, full-time female workers made just 76.2% of their male counterparts’ wages – meaning less money for savings, NIRS said in a press release.

Read the full article here.