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In 2008 Korea introduced an earned-income tax credit, a universal basic pension and an insurance scheme providing long-term care for the elderly.
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).
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Britain has done some sensible things, creating a universal basic state pension, raising the retirement age and asking public-sector workers to contribute more.
A second step would create a universal non-contributory basic pension, supplemented by a freely negotiated contributory scheme.
Shifting from pensions to universal basic income can be a solution, one might say that instead of raising the pension age to seventy, they lower it to seventeen.
Universal basic income, anyone?
What about a universal basic income?
This would be known as "basic pension plus".
The idea of universal basic income sounds extravagant, right?
The revenue could help to fund a universal basic income.
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