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National Insurance
National Insurance. In 1911 the Asquith government, reflecting changes in public attitudes towards the causes and cures for poverty, passed the National Insurance Act—Health and Unemployment, which introduced sickness and unemployment benefits to be paid for out of employers' and employees' contributions. This was the beginning of the contributory, non-means-tested half of the British social security system; in 1925 state insurance for contributory old-age pensions was added.
The 1946 National Insurance Act, based on the principles of the Beveridge Report (1942), established a comprehensive national social insurance scheme: employers, employees, and the self-employed were to make contributions, which would make the insured and their families eligible to receive categorical benefits when they suffered the contingencies insured against—unemployment, sickness and invalidity, widowhood and old age. Though the original intention was to create a fund of income-producing assets, the system was unfunded, based on the pay-as-you-go principle, with current contributors paying for the benefits of current recipients. Margaret Wilkinson |
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JOHN CANNON. "National Insurance." The Oxford Companion to British History. 2002. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. JOHN CANNON. "National Insurance." The Oxford Companion to British History. 2002. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O110-NationalInsurance.html JOHN CANNON. "National Insurance." The Oxford Companion to British History. 2002. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O110-NationalInsurance.html |
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National Insurance
National Insurance In 1911 the Asquith government passed the National Insurance Act—Health and Unemployment, which introduced sickness and unemployment benefits to be paid for out of employers' and employees' contributions. This was the beginning of the contributory, non‐means‐tested half of the British social security system; in 1925 state insurance for contributory old‐age pensions was added. The 1946 National Insurance Act established a comprehensive national social insurance scheme: employers, employees, and the self‐employed were to make contributions, which would make the insured and their families eligible for benefits when they suffered the contingencies insured against—unemployment, sickness, widowhood, and old age.
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Cite this article
JOHN CANNON. "National Insurance." A Dictionary of British History. 2004. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. JOHN CANNON. "National Insurance." A Dictionary of British History. 2004. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O43-NationalInsurance.html JOHN CANNON. "National Insurance." A Dictionary of British History. 2004. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O43-NationalInsurance.html |
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national insurance
national insurance (NI) In Britain, state insurance scheme, founded by Lloyd George in 1911. More comprehensive proposals by Lord Beveridge formed the basis of the National Insurance Act (1946). NI provides sickness, maternity, unemployment and child benefits as well as old-age pensions. It also contributes to the cost of the National Health Service (NHS). The scheme is funded by compulsory contributions from employers and employees and is administered by the Department of Social Security.
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"national insurance." World Encyclopedia. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "national insurance." World Encyclopedia. 2005. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O142-nationalinsurance.html "national insurance." World Encyclopedia. 2005. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O142-nationalinsurance.html |
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National Insurance
National Insurance, see welfare state
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JAN PALMOWSKI. "National Insurance." A Dictionary of Contemporary World History. 2004. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. JAN PALMOWSKI. "National Insurance." A Dictionary of Contemporary World History. 2004. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O46-NationalInsurance.html JAN PALMOWSKI. "National Insurance." A Dictionary of Contemporary World History. 2004. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O46-NationalInsurance.html |
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