The IFoA library has acquired a fascinating medieval document, which is one of the earliest grants of an occupational pension on retirement.
The IFoA library has acquired a fascinating medieval document, which is one of the earliest grants of an occupational pension on retirement.
Roger of Rattlesden was rector of Cringleford church, near Norwich. In July 1251, he was granted a pension of 40 shillings (£2) a year for life by the Bishop of Norwich, "taking pity on his old age so that in his final days he is not forced to beg".
For further details, including a translation from Latin and how the pension was financed, see bit.ly/2uXJ0hi
The document is part of the library's historical collection, of worldwide significance for research into the development of pensions, life assurance and actuarial science. Researchers may inspect particular items (including Rattlesden's pension grant) in London by prior appointment.
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