• root@lemmy.world
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    1 year ago

    Can’t tell if sarcasm. It’s a retirement plan that employers will match up until a certain point, In lieu of the pension plans previous generations were offered.

    • Pons_Aelius@kbin.social
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      1 year ago

      No, I was being genuine. We have compulsory superannuation here in Aus. Employers pay in an amount equal to 11% of your wages, it goes up to 12% in 2025. It applies to every wage earner, full-time, part-time, contract and casuals.

      • root@lemmy.world
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        1 year ago

        Wow, that’s great. We only get like 3-4% on average, and that requires us to put in 6-8%