{"id":171793,"date":"2025-12-02T22:40:08","date_gmt":"2025-12-02T22:40:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/171793\/"},"modified":"2025-12-02T22:40:08","modified_gmt":"2025-12-02T22:40:08","slug":"donald-trump-floats-new-retirement-program-similar-to-australias-system","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/171793\/","title":{"rendered":"Donald Trump Floats New Retirement Program Similar to Australia’s System"},"content":{"rendered":"

President Donald Trump on Tuesday said his administration is exploring a new retirement savings program modeled in part on Australia\u2019s system, telling reporters there is \u201ca certain Australian plan that people are liking\u201d as he floated the idea without offering details.<\/p>\n

Trump said, when asked about potential policies aimed at raising the U.S. birthrate, “We are looking at programs. There’s a certain Australian plan that people are liking and they’re talking about. You know what I mean? There’s a plan where, not for children necessarily, but it’s for people. Working people. And we are looking at other things. Different from this. I think this is very unique. But different from this. But very important. Yeah.”<\/p>\n

The president gave the remarks at a White House event where billionaires Michael and Susan Dell<\/a> on Tuesday pledged $6.25 billion to help provide 25 million American children age 10 and under with an incentive<\/a> to claim the new child investment accounts created under Trump\u2019s tax and spending package.<\/p>\n

Loading twitter content…<\/p>\n

What is Australia Retirement Trust?\u00a0<\/p>\n

Australia\u2019s retirement system is built around \u201csuperannuation,\u201d a compulsory savings program in which employers contribute a set percentage of a worker\u2019s earnings into a private retirement fund. Workers can also make voluntary contributions, and the accounts grow over time through investment returns. The money is generally preserved until retirement age, creating a mandatory, nationwide nest egg that supplements Australia\u2019s public age pension.<\/p>\n

This is a breaking news story. Updates to follow.\u00a0 <\/p>\n

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