this post was submitted on 29 Nov 2023
1568 points (98.8% liked)
Microblog Memes
6028 readers
2057 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Where I live, it is mandatory for employers to start a pension scheme for all employees. The scheme is controlled by the employer until you quit. Then it is up to you to find it a good home and make sound investing strategies. You can't access the money until your are at least 62 years old.
If you find a new job, your new employer will assume responsibility over it and make sure payments are made into it on your behalf until you quit/retire.
Mandatory monthly payments your employer have to make are minimum 2 % and up to a maximum of 7% of your salary.
It is a part of your terms and conditions when you apply for a job. The employer can't take the percentage out of your salary. They have to take it from the business itself.