British pension legislation of the first third of the 20th century

Abstract

Background. The relevance of the study is due to the need to reform the pension systems in Russia and foreign countries at the present stage of development. The purpose of the study is to identify the historical and legal foundations of British pension legislation, as well as the key principles that determined its content. The significance of the study is determined by the fact that without understanding the historical and legal foundations, it is impossible to understand the main trends in the development of UK pension legislation and ways to improve it further. Materials and methods. The research methodology includes the universal dialectical method, as well as general scientific (analysis, synthesis, induction, deduction, systemic) and specific scientific methods (formal legal, comparative legal, historical legal, statistical). Results. Identified and analyzed the main acts of pension legislation adopted in Great Britain in the first third of the twentieth century, that is, at the initial stage of its development. Conclusions. Unlike Germany and France, Great Britain, when adopting its first pension law (1908), relied on the principles of budgetary financing and the establishment of criteria for the needs of older persons. However, in subsequent years, a transition was made to a predominantly insurance system: the laws of 1911 and 1925 provided for the introduction of insurance pensions, financed by contributions from employees, employers, as well as with subsidiary participation of the state.

Keywords

• pension
• social insurance
• budgetary financing
• legislation
• employee