When did the first pension fund appear? Detailed answer

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When did the first pension fund appear? Detailed answer

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When did the first pension fund appear?

In 27 BC, the Roman emperor Augustus ordered that a certain amount be deducted from the monthly salary of soldiers. At the end of his military career, the retiree received either the accumulated amount of silver, or a piece of land corresponding in price from which he could feed.

So more than two thousand years ago, the first pension fund appeared.

Author: Kondrashov A.P.

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