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The concept of a pension plan seems to be inherently interwoven to the societal fabric that comes with full time employment. Although it seems this way in modern times, the concept of a pension is fairly new. The roots of the idea were laid in 1881 as a concept and in 1889 as a practical implementation where Germany is touted to be the first nation to adopt such a system (as designed by Otto von Bismarck).

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Introduction & Background

  • 章节

  • 发表日期：

    2025年

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  • Berin Terzic,
  • Nick King

摘要

The concept of a pension plan seems to be inherently interwoven to the societal fabric that comes with full time employment. Although it seems this way in modern times, the concept of a pension is fairly new. The roots of the idea were laid in 1881 as a concept and in 1889 as a practical implementation where Germany is touted to be the first nation to adopt such a system (as designed by Otto von Bismarck).