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The first "American" pensions came in 1636, when Plymouth colony, and subsequently, other colonies such as Virginia, Maryland (1670s) and NY (1690s), offered the first colonial pension.
Outside of veterans' pensions, the institution of the first public pension plan for New York City Police is considered as the first iteration of a modern pension in the USA. The Police Life and Health Insurance Fund, created in 1857, provided payment to officers injured or otherwise disabled in the line of duty and offered compensation in a ...
In the mid-1800s certain United States municipal employees, including firefighters, police and teachers, started receiving public pensions. In 1875, the American Express Company began to offer private pensions. By the 1920s, a variety of American industries, from railroads to oil to banking, began offering pensions. [6]
1884: Baltimore and Ohio Railroad establishes the first pension plan by a major employer, allowing workers at age 65 who had worked for the railroad for at least 10 years to retire and receive benefits ranging from 20 to 35% of wages. [4] 1889: The American Express Company creates the first pension plan in the United States. [5]
The Spanish-American War of 1898 was a medical disaster for American forces. In the entire war from May 1 to September 20, 1898, 345 died from combat and 2,565 died from disease. [ 108 ] Disease was rampant, with 25,000 soldiers hospitalized, of whom 21,000 contracted typhoid fever and 1,590 died from it.
The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. [1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
1636: Springfield: Massachusetts: United States: The Massachusetts Bay Colony's first Connecticut River port and its westernmost settlement, 85 miles (137 km) west of Boston [19] Founded as Agawam Plantation by William Pynchon. 1636: Providence: Rhode Island: United States: Oldest settlement in Rhode Island, founded by Roger Williams. 1637 ...
Connecticut was a staunch supporter of the American Revolution, with a fifth of the state's male population serving in the war. Jonathan Trumbull was the only colonial governor to support the patriots. Nathan Hale, the first American spy, also hailed from the colony. [59]