to provide pensions for disabled seamen
The first organised pension scheme is established for Royal Navy Officers
First civil service pension provided to Martin Horsham, an official in the port of London
One of the first
Oxford University's printers.
were groups of workers forming mutual societies to save for funeral costs and to put money aside for old age, illness or unemployment
Bank of England
First pension granted at the
Old Age Pensions Act
the first old age pension paying a non-contributory amount of between 10p and 25p a week, from age 70.
(25 PENCE IN TODAY'S MONEY)
Citizens who had an annual income of more than
First contributory benefits:
Widows, Orphans, & Old Age Contributory Pensions Act
Mirror newspaper proprietor Robert Maxwell had used about 460 million from his group's pension funds to finance business dealings.
an enhanced annuity due to being a heavy drinker or smoker could bring in extra income in retirement up to 40% or more.*
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