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The Guaranteed Minimum Pension (GMP) is the minimum pension which a United Kingdom occupational pension scheme has to provide for those employees who were contracted out of the State Earnings-Related Pension Scheme (SERPS) between 6 April 1978 and 5 April 1997. The amount is said to be 'broadly equivalent' to the amount the member would have ...
Instead of providing a Guaranteed Minimum Pension these schemes had to pay the saving in National Insurance contributions into the pension arrangement. To encourage the take-up of this arrangement the government made an extra incentive payment into each pension scheme where somebody contracted out using this route.
Gross metropolitan product (GMP) is a monetary measure that calculates the total economic output of a statistical metropolitan unit during a specific time period. It represents the market value of all final goods and services produced within the unit, similar to how GDP measures national economic output.
This is a list of countries by guaranteed minimum income. Guaranteed minimum income is the amount of money a person is entitled to from the social welfare system in ...
Guaranteed retirement income. It's one way to provide your future self with a guaranteed income when you aren't working anymore. Most annuities can give you a guaranteed income for the rest of ...
Total GDP can also be broken down into the contribution of each industry or sector of the economy. [10] GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress.
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Guaranteed minimum income (GMI), also called minimum income (or mincome for short), is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship and that the person in question does not already receive a minimum level of income to live on.