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Superannuation in Australia – Private, and compulsory, individual retirement contribution system. Social Security – Public pensions; Austria – Pensions in Austria;
Douglas was an early and enthusiastic promoter of the government's plans for a compulsory contributory superannuation scheme that would supplement the old age pension. In 1972, while still in opposition, he introduced a private member's bill that provided for a form of compulsory superannuation.
The Third Labour Government introduced a compulsory superannuation scheme in 1974, with the scheme beginning on 1 April 1975.. Every employee aged between 17 and retirement age would have 4% of their gross wage deducted, with this deduction being matched by their employer and paid to the Superannuation Corporation.
Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super [3]) in Australia and New Zealand.
In October 2006 with the Employment Equality (Age) Regulations 2006, the UK Labour Government introduced a Default Retirement Age, whereby employers were able to terminate or deny employment to people over 65 without a reason. A legal challenge to this failed in September 2009, although a review of the legislation was expected in 2010 by the ...
As a consultant, FitzGerald was the architect of the compulsory superannuation scheme introduced by the Keating government in 1992. [8] Superannuation was later refined in response to FitzGerald's June 1993 publication National Savings: A Report to the Treasurer in which he identified the importance of national saving, and recommended ways in ...
In Singapore, a compulsory superannuation scheme was introduced in 1955. [5] Within Korea, voluntary health insurance was made available in 1963 and mandated in 1976. [5] Private insurance was only available to citizens employed by large corporate firms, while a separate insurance plans were provided to Civil Servants and military personnel. [5]
Pursuant to certain statutes, state agencies have promulgated regulations, also known as administrative law.The New Jersey Register is the official journal of state agency rulemaking containing the full text of agency proposed and adopted rules, notices of public hearings, gubernatorial orders, and agency notices of public interest. [6]