That’s almost an impossible question to answer given the differences between the U.S. vs. Oz/EnZed. An example of the differences would be free, comprehensive, high-quality healthcare there, and our system in the U.S. Obviously, healthcare is a significant cost in retirement here. Airlines in all three countries have a form of retirement contribution. For us, it’s a 401K, A Fund, B Fund, or a hybrid. Australia and New Zealand have a superannuation system (pension) which uses money the employee and employer put in. The amount varies depending on your contract; however, there is a legal minimum. As an example - an educator or researcher at the University level receives a 17% employer contribution. In addition, there are the standard investment schemes common to all Western countries.

The short answer to your question is that in both OZ and NZ, the company must pay into your retirement until you retire. An important note that’s germane to the retirement age debate - the medical issuance process is far more thorough and far more intrusive. Your AME has access to a broad amount of your health data. If you want your medical, you give permission.