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Otto Von Bismarck, the Chancellor of Germany, introduced the term "pension" as part of the social security system he implemented in the late 19th century.

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1y ago

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The law of a 10 year vested company pension or the Employee Retirement Income Security Act was introduced in 1974.


When was the pension introduced?

Old Age Pensions Act in england, 1908


When was the old age pension introduced?

The age pension was first introduced in Germany by Chancellor Bismarck in 1889, for persons over 65 years of age.


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To borrow against your pension, you can consider taking out a pension loan or opting for a pension advance. However, it is important to carefully review the terms and conditions, as borrowing against your pension can have long-term financial implications and may reduce your retirement savings.


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An unfunded pension liability is reported on the balance sheet as?

current liability or long-term liability, depending upon when the pension liability is to be paid


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A pension fund is considered a non-current asset but it is a long term investment fund .