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But Koutsomitis argues that current proposals would shield the poorest pensioners by guaranteeing a minimum pension.
The minimum pension thresholds were left unchanged to protect the poorest pensioners.
"So she lives on the minimum pension".
Income and corporation taxes will go down, the minimum pension will go up.
Some countries have adopted this approach for pensions or at least for a minimum pension.
He now wants a higher minimum pension for people who have contributed for 35 years.
The guaranteed minimum pension is about one-third of the net average wage.
It added a minimum pension guarantee for the very poor and for low-income homemakers.
Labour has dismissed Tory plans for a funded, state-guaranteed minimum pension for all as "abolishing the state pension".
Moreover, the company's projected minimum pension contribution amounts ultimately will exceed the debtors' projected earnings over the next three years.
The bill calls for gradual increases in the age for a minimum pension to 62 from 60 and for a full pension to 67 from 65.
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