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The Swedish pension reform of nineteen thirteen introduced a public pension system. It was not the first pension system in Sweden, which was introduced as early as in the sixteen fifties for some government employees. During the latter half of the nineteenth century, larger companies and counties started establishing pension systems for their officials.
The ever increasing number of elderly people along with tendencies for early exits from employment is going to result in much discussion about the pension systems in industrialized countries in the future. Governments and other international organizations such as the European Union and the World Bank are getting more and more interested in the design of different pension systems. Related Article Tags: , , , , ,
The thought of a system for security, like a pension system, is not unique for any country. In Venice during the fifteenth century a form of pension system was in place where the workers from the ship yards received a basic financial security when they became old or if they were injured. In addition, there was even a form of pension for widows of deceased workers. Related Article Tags: , , ,
Nobody likes to think about that time when you grow old, but all of us will get there at some point. Sooner or later we are all forced to consider what to do when you retire. If you wait too long, and your retirement is getting closer, you might end up with too little time to save up for a decent pension. But, if you plan ahead and start saving for your pension today, you will have a much better chance of living on a pension of much better proportion. Related Article Tags: , ,
The third principle for giving structure to the pension system is in different governmental welfare regimes. Traditional denominations are the Belveridge system with its accentuation on basic security and the Bismarck system with its accentuation on a pension system closely tied to the terms of employment. The Swedish public pension system in its nineteen forty eight’s formation is an example of the Belveridge system, and the German pension system still carries many characteristics of the Bismarck system. Related Article Tags: , , , , ,
The thought of collecting pension when you become older, and no longer can support yourself and your family through a regular job, seems very familiar and obvious to us westerners. However, these thought and ideas are not as old and rooted as we might think; pension is actually a rather modern financial system. We do not have to travel very far back in history to see communities where a pension system was not even though of before. Related Article Tags: , , , ,
Let us go back one hundred years; pension was unheard of and most people usually worked until they died, that was the only way of staying alive. Today we live longer, work less and are more active during the last stages of our lives. Someone who retires and starts using their pension at sixty five years of age usually have twenty more years to go for other things. However, many are forced or choose to retire earlier than that. Related Article Tags: , ,
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