Which country was the first to introduce old age pensions?

A. Germany
B. France
C. Italy
D. Austria

Submitted by: Syed Nizakat Ali Shah

One of the first countries that introduced a social pension was Germany in 1889 by its chancellor Otto von Bismarck who wanted to connect ordinary workers with the newly created German state and granted every worker who reached age of 65 a small flat pension. At first it was funded by taxes on tobacco monopoly.

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