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Q: Which country was the first to introduce old age pensions?
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When did the first Australian pensions get issued?

The Old age Pension Bill was introduced in 1908. From 1910 Pensions were paid out of taxation collected from the people and from 1946 pensions were paid out of taxation PLUS a further tax. The age pension was self funded by contributions and this continues to this day it is simply incorporated in general taxation. Politicians saying that today's taxpayers are funding retirement pensions are incorrect. The Old age Pension Bill was introduced in 1908. From 1910 Pensions were paid out of taxation collected from the people and from 1946 pensions were paid out of taxation PLUS a further tax. The age pension was self funded by contributions and this continues to this day it is simply incorporated in general taxation. Politicians saying that today's taxpayers are funding retirement pensions are incorrect.


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Paul Johnson has written: 'The pensions dilemma' -- subject(s): Old age pensions


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E. Philip Davis has written: 'Public pensions, pension reform and fiscal policy' -- subject(s): Old age pensions, Pensions, Statistics


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