President Donald Trump wants to reshape America's retirement system using Australia's compulsory pension model as a blueprint. But economists and policy analysts warn the plan could come at a cost to ordinary workers' pay packets.
Trump has repeatedly pointed to Australia's superannuation scheme, which forces employers to funnel 12 per cent of a worker's wages into a privately managed retirement account. He has called the system 'very good' and said his administration is examining how a similar model could work in the United States.
