Retirement idea of retirement is of recent origin, being introduced during the late 19th and early 20th centuries. Previously, low life expectancy and the absence of pension arrangements meant that most workers continued to work until death. Germany was the first country to introduce retirement benefits in 1889. Nowadays, most developed countries have systems to provide pensions on retirement in old age, which may be sponsored by employers or the state. In many poorer countries, support for the old is still mainly provided through the family. Today, retirement with a pension is considered a right of the worker in many societies,
The Pensions Advisory Service The Pensions Advisory Service The Pensions Advisory Service (TPAS) is a UK non-departmental public body and independent non-profit company limited by guarantee which provides free information, advice and guidance on state, company and individual pension schemes. Additionally they help any member of the public who has a problem, complaint or dispute with their occupational or private pension arrangement. The organisation is grant-aided by the Department for Work and Pensions. The service is provided by a nationwide network of volunteer advisers with the required knowledge and experience who are supported and augmented by a technical and administrative staff based in London.