Old Age Pensions; In Theory and Practice, with Some Foreign Examples

Old Age Pensions; In Theory and Practice, with Some Foreign Examples

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...excess, from 10 to 20 per cent. of the total cost to the commune of relieving the number of persons who are in excess of this normal number of 10 in the 1000 of the population. The cost of the scheme incumbent upon each department is, in turn, largely shared by the State; the portion borne by the State being graduated, for each department, in precisely the same manner as the first of the two communal subsidies described above; but, in this case, the assistance provided by the State ranges between the high limits of 50 and 95 per cent. of the sum needed, according to the richness of the department. 16th October 1907. III. Germany By R. M. Houston, B.A. The scheme adopted in Germany for the insurance of infirmity and old age is interesting, not merely for its avowed intention to stimulate and endow thrift, but also from the fact that the contributions imposed are compulsory. The first law on this subject was passed in 1889, and applied compulsorily to all persons over sixteen years of age, working for wages or salaries up to 100 a year, with the exception of Government and other public officials who were otherwise provided for. Its object was to secure for those persons an allowance for infirmity and old age. In order to draw an old age pension, the claimant must have attained the age of 70, and must have been insured for a period of 1410 weeks, termed the "time of waiting." The insured persons were divided into four wage classes as follows: --Class I.--All persons earning up to 17, 1 os. a year. Class II.--All persons earning between 17, 10s. and 27, 10s. a year. Class III.--All persons earning between 27, 10s. and $2, 10s. a year. Class IV.--All persons earning over 42, 1 os. a year. and the contributions as...show more

Product details

  • Paperback | 68 pages
  • 189 x 246 x 4mm | 141g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236512294
  • 9781236512291