• MeatRobot@lemmy.world
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    11 months ago

    It’s a straight up contribution. For every dollar paid in wages, the company also contributes ten cents to the employees 401k. No employee contributions are required.

    • Norah - She/They@lemmy.blahaj.zone
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      11 months ago

      This is kind of wild to me. In Australia we have a similar thing called Superannuation. Everyone is entitled to 11% from their employer, going up to 12% by the 1 July 2025. Unions bargain for agreements with extra contributions on top of that base percentage.

      • Asafum@feddit.nl
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        11 months ago

        “Everyone is entitled to 11% from their employer”

        That sounds an awful lot like a socialism and from what I’ve been told just doing a socialism once will bring a dictator to your door who will genocide your entire population.

        F’s in chat for Norah. :(