|
|
Article: Pensions, History
- Article from:
- Encyclopedia of Aging
- Author:
CopyrightCOPYRIGHT 2002 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PENSIONS, HISTORY
This section discusses the historical development of employer-provided private pensions, both internationally and in the United States. It also considers the historical development of the normal retirement age.
Pension history: international
Only about a dozen high-income countries have voluntary employer-provided private pension systems that pay benefits to a sizable percentage of their retirees. These countries include Canada, Germany, Ireland, Japan, the United Kingdom, and the United States. In these countries, however, usually only 50 percent or less of retirees are covered. Only in countries where most workers belong to a union, such as the Netherlands, is the ...