A guaranteed minimum pension
A guaranteed minimum pension has been adopted in several countries, and advocated by a number of economists, as a means of dealing with the tricky issue of how to integrate a private pension system with a minimum income guaranteed by governments. In the country the means test is the instrument for this integration. In the GMP proposal, the age pension would become an explicit top-up for those whose private pensions were insufficient to guarantee an adequate retirement income. In the...[Show more]
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