Given the state of the economy in 2023, pensions have been on the political agenda in countries like India and France. Here’s a Q on the history of pensions.
The first modern mandatory pension system run by a government for elderly citizens was introduced in which European country in 1889? The country’s head of state wrote a letter to its parliament proposing this idea.
#interludez
Answer
Germany. The idea is said to have been mooted by its Chancellor Otto von Bismarck which found its way through a letter by William the First.