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Indeed. The switch from defined benefit to defined contribution puts investment risk and longevity risk on the individual. Australia has much better pension/ret
by supertrope 3y ago
Indeed. The switch from defined benefit to defined contribution puts investment risk and longevity risk on the individual. Australia has much better pension/retirement savings policy public in the form of Superannuation.
- djrobstep 3y agoWhat are you talking about? Australia's superannuation system is also defined contribution with individualized risk.
- marcus_holmes 3y agoBut a pension to back it up if your super won't support you. So not entirely individualised risk.
- djrobstep 3y agoThe US also has this.
- deleted 3y ago[deleted]