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The German pension system, known as the "public retirement insurance," was established over 100 years ago by Chancellor Bismarck, making it the world's first formal pension system. It has been successful in providing a high and reliable level of retirement income and has served as a model for numerous social security systems globally. [1]
History of retirement. Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since the 18th century. Retirement as a government policy began to be adopted by countries during the late 19th century and the 20th century. [1]
The retirement age will gradually increase to 62 for males by 2028 and 60 for females by 2035. In 2021, the retirement age is 60.25 (age 60 and 3 months) for men and 50.33 (age 50 and 4 months) for women, the age will be increased by 3 months each year following for men and 4 months for women.
By 2022, the age will be 63 for men and 58 for women. [4] In Belgium the retirement age is to be increased gradually to 67 years by 2030. [2] In Bulgaria the retirement age for women is to be equalized to the retirement age for men (65) by 2037. By 2038 there will be an equal age for women and men set at 67.
The history of Germany from 1945 to 1990 comprises the period following World War II.The period began with the Berlin Declaration, marking the abolition of the German Reich and Allied-occupied period in Germany on 5 June 1945, and ended with the German reunification on 3 October 1990.
Funding. The social security system in Germany is funded through contributions paid by employees and employers. The contributions are paid on all direct wages as well as indirect wages up to a ceiling. depends on the proportion of employees on short hour contracts. Applies to companies with fewer than 30 employees.
This is a timeline of German history, comprising important legal and territorial changes and political events in Germany and its predecessor states. To read about the background to these events, see History of Germany. See also the list of German monarchs and list of chancellors of Germany and the list of years in Germany
Otto, Prince of Bismarck, Count of Bismarck-Schönhausen, Duke of Lauenburg ( German: Otto, Fürst von Bismarck, Graf von Bismarck-Schönhausen, Herzog zu Lauenburg, pronounced [ˈɔtoː fɔn ˈbɪsmaʁk] ⓘ; 1 April 1815 – 30 July 1898; born Otto Eduard Leopold von Bismarck) was a Prussian and later German statesman and diplomat.