Pensions in Germany forgo a percentage of their state pension. Pensions in Germany Pensions in Germany are based on a “three pillar system”. The scheme is based on the pay-as-you-go (or redistributive) model. Funds paid in by contributors (employees and employers) are not saved (or invested) but are used to pay current pension obligations. Civil servants in Germany do not pay any contributions themselves but their salaries are correspondingly lower than those in the private sector. Recent changes to the system mean that from 2012 to 2023 the retirement age will go up to 66 by 2023. From 2023 the retirement age will
History of Australia (1901–45) to introduce female federal franchise, to establish a... system of old age pensions." He also promised to introduce legislation to safeguard "White Australia" from any influx of Asian or Pacific Island labour. The Labor Party (the spelling "Labour" was dropped in 1912) had been established in the 1890s, after the failure of the Maritime and Shearer's strikes. Its strength was in the Australian Trade Union movement "which grew from a membership of just under 100,000 in 1901 to more than half a million in 1914." The platform of the ALP was democratic socialist. Its rising support at elections, together with