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This would be known as "basic pension plus".
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A flat benefit known as universal basic pension (PBU).
With respect to the benefits, the monthly payment is divided into two parts: A flat benefit known as universal basic pension (PBU).
It is possible to build up entitlement to £160 a week in second pension, which could significantly boost the basic pension to as much as £275 a week.
If they opt in and make national insurance contributions for 30 years, they receive the basic pension of £107.45 as well as their second pension, which can be worth more than £100 a week.
In some rural counties the basic pension can be as low as 55 yuan (about $8.75) per month.China's system does not, therefore, share the European problem of overgenerosity.
In Britain Lloyd George's People's Budget of 1909 raised income taxes and inheritance taxes at the top to fund basic pensions as well as unemployment and health insurance for workers.
That promise headed off a campaign by her formidable predecessor, Barbara Castle, for Labour to raise the basic pension in line with earnings, and not, as has happened since 1979, just with prices.
Unlike many other developed countries, Britain does not face a looming fiscal problem over pensions as its population ages, precisely because the basic pension is withering on the vine.
Ministers were already discussing consolidating the value of free television licences for over-75s and one-off payments such as the £150 winter fuel allowance into the basic pension.
This means that an initial gap of £23 between the MIG and the basic pension will widen by two-thirds to £38 (in 2003-04 prices) as early as 2010 if earnings rise by 2% a year above inflation.
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