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Pretty much. While it is mandated here, there is nothing stopping others form doing the same. On my end it is just a manner of optics. The money being put asid
by VelesDude 2y ago
Pretty much. While it is mandated here, there is nothing stopping others form doing the same.
On my end it is just a manner of optics. The money being put aside, I never see week to week thus it just seems like an added bonus even though it is really just a part of the pay cycle.
- silverquiet 2y agoWe have private tax-advantaged plans that work essentially like that, but they are totally optional. Interestingly the only system that is mandatory is our “Social Security” - you are obligated to pay in but the money is pooled; you get something akin to shares in the system, but it only entitles you to a specific payout after a certain age; your contributions are not privately owned. Unusually for these types of discussions, it seems like the US system is more socialized than the alternative in your country.