Trump is studying Australia's portable retirement accounts, where employer contributions follow workers between jobs, as a model for U.S. reform.
President Donald Trump is looking at Australia's retirement system as a model for portable retirement accounts that would follow workers between jobs, a structure that could shift how tens of millions of Americans save.
Fox News contributor Ted Jenkin reported the White House is studying the Australian Superannuation Guarantee, under which employers contribute a set percentage of salary into individual accounts managed by the worker. Accounts move with the employee when they switch jobs, avoiding the rollover friction and fee erosion common in 401(k) plans.
Jenkin wrote that the administration is weighing whether to propose a federal portable-account framework. The Australian model mandates employer contributions of 11.5% of salary, rising to 12% by 2028, with workers choosing from approved fund managers.
Any U.S. version would face questions around mandate design, fee structure, and state-level preemption of existing retirement programs. Several states including California, Oregon, and Illinois have already launched auto-IRA programs for workers without employer plans.
No formal proposal has been released. Trump has not publicly commented on the retirement-system review.
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