Westpac chief Gail Kelly feels the pain too Westpac chief Gail Kelly. Picture: James Croucher Source: The Sunday Telegraph SHE may have taken a pay cut but Westpac chief Gail Kelly has still snared a pay and perks package worth more than $9 million. Australia's most high-profile female executive received a remuneration package worth $9.2 million for the year to September - down 4 per cent from $9.6 million the previous year. And official figures suggest Mrs Kelly is not the only Australian worker feeling a little pain in the hip pocket. Australian wages are growing at the slowest pace in 13 years, according to Australian Bureau of Statistics figures released today. The decline in Mrs Kelly's package came despite Westpac notching up a record $7.1 billion cash profit and paying 20c in special dividends for the financial year. Her remuneration deal shrank as she collected less from long-term bonus payments earned in previous years that vested in the 2013 financial year. Despite the wage bite, the 57-year-old head of the nation's second-biggest bank still managed to collect $177,000 a week - about 120 times the average full-time wage. She also pocketed more than her younger and less experienced counterpart at the Commonwealth Bank, Ian Narev. Mr Narev had to settle for a $7.8 million package for the year to June - only 93 times the average full-time wage. Fellow banks ANZ and National Australia Bank will release their remuneration reports over the next week. ANZ chief Mike Smith received was the best paid of the bank executives last year with a package worth $10.1 million. For the rest of us, the For the rest of us, total hourly rates of pay, excluding bonuses, increased a seasonally adjusted 0.5 per cent in the September quarter, according to the ABS figures. The 2.7 per cent rise in the wage price index for the year to the September quarter was the smallest since the March quarter of 2000. Wage growth has slowed amid a weak jobs market.