Superannuation - Australia
Started in its present form in the early 1990s, Australia’s superannuation program helps workers save for their retirement. Employers are required to contribute at least 9 percent of their employee’s salaries into a retirement savings product of their employee’s choosing. The employee can contribute to this retirement account as well, and those earning under A$58,000 can receive a matching deposit from the government of up to A$1,500 a year.


