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Bill: Retirement and Pensions Act
Details
Submitted by[?]: We Say So! Party
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: October 2489
Description[?]:
| Whilst accepting that the provision of State pension is, for many, an important part of their retirement income, whilst also accepting that many people wish to retire early due to differing circumstances, the Government will, though maintaining the official age of retirement, at full pension entitlement, at age 65, accept that people wishing to take early retirement can do so at age 60. Should any person wish to accept this entitlement they will, however, lose 25% of full pension claim. This entitlement will increase by 5% for each year that a person remains in employment until the age of 65. Public sector workers employed in vital public services (i.e. Police, Healthcare workers, Rescue Services, State education facilities) will be entitled to retirement at age 60 at full pension in acceptance of their vital contribution to society and the economy. Furthermore, should a person not wish to retire at age 65 but rather continue in full-time employment they will be allowed to do so. The Government will, acknowledging their further investment in the economy and their taxable expenditure, for each additional full economic cycle that they remain in employment, increase their pension entitlement by 1% per annum up to a maximum of 10% above standard entitlement. At no point will any person(s) be forced to accept retirement by Government decree and thusly forced to accept pension until such a time that they wish. Pensions will not be paid until such time that the person(s) has finally retired from active employment. |
Proposals
Article 1
Proposal[?] to change The professional retirement age.
Old value:: 65
Current: 65
Proposed: 60
Debate
These messages have been posted to debate on this bill:
| Date | 22:26:28, November 20, 2007 CET | From | Communist Party of Hobrazia | To | Debating the Retirement and Pensions Act |
| Message | We support this bill as it give's more freedom to the people. |
| Date | 23:41:38, November 20, 2007 CET | From | Hobrazian Peoples Party | To | Debating the Retirement and Pensions Act |
| Message | This will shrink the workforce and make the other people run faster and work more resulting in work damages to be supported by the government and the even smaller workforce then... |
| Date | 00:17:11, November 21, 2007 CET | From | We Say So! Party | To | Debating the Retirement and Pensions Act |
| Message | Employment is running at between 90 - 96% throughout the Country. Our intention, by reducing the allowed age of retirement on reduced pension, would not only allow for those wishing to leave the workforce to do so, at reduced cost to the government, but also allow for those who were unemployed more chance of gaining work. Moreover, those wishing to remain in work post 65 would be provided an increased pension in loo of their increased productivity. |
| Date | 02:12:17, November 21, 2007 CET | From | Partai Komunis Hobrazia | To | Debating the Retirement and Pensions Act |
| Message | We would have liked to see the bill make accomodations for those who have a need to retire early, such as the disabled, but we will vote in favor regardless. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 97 | ||||
| no |
Total Seats: 300 | ||||
| abstain | Total Seats: 3 |
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