Summary: | 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.
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