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[-] root@lemmy.world 4 points 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 2 points 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 2 points 1 year ago* (last edited 1 year ago)

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

this post was submitted on 18 Aug 2023
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