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,
Pensions in Israel to income supplements also have NIS 103 deducted from them monthly. Old age pensions are paid via bank transfers on the 28th of every month. All salaried employees not covered by collectively-bargained pension plans between employers and labor unions are legally required to have private pension funds to which they and their employers must contribute to. Self-employed persons, with some exceptions, are also legally required to contribute to a private pension plan accordingly to a sliding scale based on income. Civil servants receive pensions based on a set percentage of their final salaries, which increases for every year they work.