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URL:  http://boards.fool.com/public-pensions-got-their-start-with-various-30785928.aspx

Subject:  Re: Detroit files for bankruptcy Date:  7/19/2013  4:40 PM
Author:  just1trader Number:  35024 of 35909

Public pensions got their start with various 'promises', informal and legislated, made to veterans of the Revolutionary War and, more extensively, the Civil War. They were expanded greatly, and began to be offered by a number of state and local governments during the early Progressive Era in the late nineteenth century.

Federal civilian pensions were offered under the Civil Service Retirement System (CSRS), formed in 1920. CSRS provided retirement, disability and survivor b