In 1881, German Emperor Wilhelm I wrote a letter to Parliament in which he advocated for a state welfare system to support anyone whose age or disability made them unfit for employment. His vision came true within the decade: An age-based pension system was passed in 1889 and took effect in 1891. This marked the first state-sponsored, age-based insurance program, providing financial aid to retired workers who reached 70 years old and who had also paid into the system for at least 30 years. In 1916, Germany lowered the retirement age to 65, and while it remains 65 today, it’s scheduled to rise to 67 by 2031. |
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