Why was the old age pension introduced?
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Also, why was the state pension introduced?
In 1925 a new kind of pension was introduced based on contributions paid at work by employer and employee. A married couple's rate of pension was paid if both spouses were aged 65 or more. That meant many men had to wait for some time after they reached 65 to get the higher rate for their wives.
Also, what was the significance of the Old Age Pension Act? In 1927, the Old Age Pensions Act was passed, honouring a promise made at a time of political need for Prime Minister King. This act established a cost-shared program that would replace local emergency relief with a nationwide system of benefits for the poorest seniors.
One may also ask, who introduced the old age pension?
1908 Old Age Pensions Act - introduced first general old age pension paying a non-contributory amount of between 10p and 25p a week, from age 70, on a means-tested basis from January 1 1909 - "Pensions Day". This was introduced by Liberal politician David Lloyd-George.
When was the old age pension introduced?