23rd August 2006, 11:52 AM
I'm in the UK Gov pension but only been in it about 4 years and I'm in my late thirties. Contemplating retiring at 70, getting a lump sum and drinking myself to death within a few weeks. OZ has nice system where ALL employers contribute an extra 9% of your gross wage (thats on top of your gross earnings) into an independant superannuation fund. This kicks in after you have worked for a company for three months. After it's introduction, the economy did not collapse, no one went broke and unemployment is sitting between 3-4%. The UK gov had a look at it but decided they would have a backlask in the business comunity voters.