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,
Old Age Pension Order not yet known when the Manx issues began or ended, because information about them is limited. In a British “Post Office Circular” of 24 October 1916 an announcement was made about a temporary issue: OLD AGE PENSIONS Additional Allowances Payment of arrears of additional allowances will be made by means of Postal Orders overprinted or stamped “Old Age Pensions, Additional Allowance.” The orders used will be of the following values:-6d., 1s., 2s., 2s.6d., 3s., 4s., 5s., 7s.6d., 10s., 12s.6d. and £1, and they will be issued by Supervisors of Customs and Excise, who will initial (or sign) the orders and