employer-sponsored plans, or a combination of both. In some countries, like the U.S., 401(k) plans are common, while others may have different structures such as superannuation in Australia or work
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employer-sponsored plans, or a combination of both. In some countries, like the U.S., 401(k) plans are common, while others may have different structures such as superannuation in Australia or work
), and in fact the two terms are sometimes used interchangeably. The first compulsory social insurance programs on a national scale were established in Germany under Chancellor Otto von Bismarck: health insurance in 1883, workmen’s compensation in 1884, and old-age and invalidity pensions in ...
Group insurance has been especially popular inJapan, where many employees serve a company for life. All Japanese life insurance companies offer group life insurance. Health insurance is provided by the government. Funded group pensions became popular after a 1962tax lawmade contributions tax-deductible...