Germany


What to think about Retirement?

Otto_von_bismarckIn 1881 Chancellor Bismarck of Germany had a brilliant idea – people should be able to retire from their work at the age of 70.  They could receive care from the state because due to their invalidity to work (due to age and or disability) they could now be free from this heavy obligation.  The law was passed in 1889.  This was the first pension system in the world, and the USA modelle