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.
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.
They’re saving a ton by not matching our 401ks anymore
Sorry, I don’t know the term. What is a 401k?
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.
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.
Wow, that’s great. We only get like 3-4% on average, and that requires us to put in 6-8%