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It currently guarantees payment of basicpension benefits for 44 million U.S. workers and retirees.
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The new flat-rate pension replaces the current basicpension of £110 a week, plus various means-testedtop-ups
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The central message from Securing Retirement Income, the IPB's submission to the Government, is that basicpension schemes do not come cheap.
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DENMARK - aside from offering a small basicpension, the Danish system is based on occupational schemes run by the giant ATP fund.
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Such a scenario would jeopardize political projects now working their way through the legislative process including a new basicpension, and a climate protection package.
Usage of minimum pension in English
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Earlier this month, the government there decided to raise the minimumpension to 360 marka.
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Her disabled husband receives a minimumpension of 70 manats, and her two sons are unemployed.
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Pensions Public sector unions reacted with dismay to the new minimumpension age announced in the Budget.
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Forza Italia is promising to hike the minimumpension to 1,000 euros.
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The PD additionally promised to set the minimumpension at 750 euros after at least 20 years of contributions, from around 500 euros at present.
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By her own estimate, Foran reckons she'd need the State pension and a minimumpension of €20,000 a year to be able to enjoy retirement.
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Seated with a group of elderly Chileans over lunch on Friday, Pinera put finishing touches on a bill to hike minimumpensions by 20%.