• root@lemmy.world
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    2 years 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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      2 years 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.