SAVINGS

[Big_Bucks]

We all know we need to save, what if a law was passed that every employer had to pay 1% of their employees salary into a fixed saving vehicle and it is only available on retirement. in year two 2% and year 3% up to 10%. Lets assume the employee averages a 10% increase per annum , the net result wouldn't be so bad. Maybe bigger corporates could even match their % and in that way retain key staff

[asylum]

look one post down.

[DCTrader]

Umm Big Bucks... it's called a pension fund.

[Big_Bucks]

No , I mean over and above a pension fund....which by the way is not a law, most workers don't have a pension fund

[#5]

For Retirement? That will be unfair. Imagine a 20 year old worker is infected with HIV. Will this youngster have a chance to leave the next 35 years to start using withdrawing saved money with earned interest? This is also my challenge for annual retirement fund policies.

[Starsky]

Saving is only for people who have no debt. No savings plan can match 15% tax free returns.