Pension Funds India
The world’s first pension plan was introduced by the Prussian aristocrat and statesman Otto von Bismarck. That was in 1889 and workers were entitled to draw a state pension at the age of 70. However, as life expectancy at the time for the average Prussian was 45, Bismarck’s program was not as generous or forward-looking as it seems on the surface.
The United Kingdom got its first pension scheme in 1908; eligibility did not start until 70 while the average lifespan at the time was 50.
The United States got its Social Security system in 1935, by which time the gap between qualifying age and life expectancy had narrowed to three years. The Canada Pension Plan did not kick in until 1966, at a time when Canadians were living an average of just under 72 years, while they could start receiving their pension cheques at 65.
- Personalized License Plate Profits Funds
- Hedgefunds Canada
- New York State Pension Funds
- Family Funds Tracker
Easy to use income, expense and investment tracking. Easily create a budget with the figures you record. Find out what you spend by category daily, weekly, monthly ...
- American Funds Norfolk
