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Pension simplified:Past,Present & The Future


What is a Pension?

pension is your monthly income from your Retirement Planning savings or the goverment’s pension

program in simple words, pension=retirement income it’s like your salary post retirement

simple enough? Let’s dive deep into “How did it all start”!


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History of Pension

Romans pioneered the first ever recognizable Best pension in history. In 13 B.C. Augustus

had created a pension plan in which retired soldiers received a pension after 16 years of

service in a legion and four tears in the military reserves.

Evan after 2000+ years, pension is still practiced by leading institutions around the globe.

the Indian National Army is an exemplar that provides retiring pension to officers on

completing a minimum qualifying service of 20 years(15 years in case of the late entrant).

Germany,United Kingdom,Ireland & the United States were the few nations to build a pension system for the retired workforce.

Pension in India

India’s traditional way of Get Early Retirement was always around family

India,s elderly were dependent on younger generations to support them when they retired.

Even today many families live together in harmony where parents are supported by earning sons & daughters.

Over the years things have changed & many elderly faced problems being dependent in old age.

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