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Civic Pension System Analysis

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in 1893. This has dramatically decreased since that time as the Social Security system in 2008 accounted for 22 percent of the federal budget. The Civic pension system at the end of the nineteenth century became a multi-factorial social insurance program providing individuals and families with retirement benefits, disability, and survivors insurance. The civil war pension provided individuals with benefits until 2003.
America was not the first to adopt the social insurance plan, as 20 nations had already adopted the system year’s prior including Europe and Germany. Due to the fact that this system started in Europe, America was able to evaluate and enact programs appropriate for its nation; for example the first workers’ compensation program

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