We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Retirement Act
Details
Submitted by[?]: We Say So! Party
Status[?]: passed
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: August 2634
Description[?]:
| Accepting that choosing when to retire from employment should be the decision of the individual, whilst also accepting that any increase in the numbers of people deciding to retire early will increase expenditure on pension payments whilst providing a possibility of reduced income through taxation, the following legislation will be enacted: Though the official age of retirement, at full pension entitlement, will continue to be 65, people wishing to take early retirement can do so at age 60, however they will lose 10% of full pension retirement. This entitlement will increase by 2% for each year that a person remains in employment until the age of 65. 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. In order to provide a "thank-you" for the additional work and income provided to the State, for each additional full economic cycle that they remain in employment their pension entitlement will increase by an additional 1% up to a maximum of 10% above standard entitlement. Those people working within "high-risk" public sector employment may retire at age 60 without penalty to the entitlement of pension and may additionally retire at age 55 with a reduction of pension entitlement in-line with that described above. Furthermore, those people who continue to work in employment outside of their previous "high-risk" employment for additional years will increase their pension entitlement by an additional 1% per full economic cycle up to a maximum of 15%. "High-risk" employment includes, but is not limited to:- Military Front-line Police service Front-line Fire service National Health Sector |
Proposals
Article 1
Proposal[?] to change The professional retirement age.
Old value:: 65
Current: 75
Proposed: 60
Debate
These messages have been posted to debate on this bill:
| Date | 01:53:43, September 04, 2008 CET | From | Hobrazian Extraordinary Gentlemen's Club | To | Debating the Retirement Act |
| Message | OOC : does the pension age somehow influence the budget at the moment? i guess since budget is not working properly, i will assume the pension age has no effect as well? |
| Date | 03:17:31, September 04, 2008 CET | From | Classical Liberal Party | To | Debating the Retirement Act |
| Message | 65 is the traditional age, 65 is the right, tried and true age. Why should the government spend more money on pensions when it has not been requested? |
| Date | 09:06:36, September 04, 2008 CET | From | We Say So! Party | To | Debating the Retirement Act |
| Message | Please read the bill. The pension age will remain 65. What this bill does is allow those people who wish to retire early for whatever reason to do so and still maintain an income whilst guaranteeing that the additional expenditure of the government does not increase exponentially. Many people can continue to work up to 65 and beyond and this bill will allow that. Others are so tired by the age of 60 that forcing them to continue to work until 65 to gain their pension is wrong, this bill allows them to retire earlier, but they receive a financial "penalty" in that they lose up to 10% of their final pension. |
| Date | 09:07:36, September 04, 2008 CET | From | We Say So! Party | To | Debating the Retirement Act |
| Message | ooc: It makes no odds to the budget as there is no economic system, nor is there likely to be. |
| Date | 15:02:17, September 04, 2008 CET | From | Hobrazian Extraordinary Gentlemen's Club | To | Debating the Retirement Act |
| Message | HSJP proposes to let the people employed by the state and occupying jobs connected with risk to their health and position being connected with dangerous social activities to be allowed to retire early without any financial loss. The jobs: a) firemen b) policemen c) military Proposed retirement age for state-employed personal of the above mentioned categories - 50. ( ooc: erm) We will grant full support as soon as state-employees are given more benefits. If you find it to be possible. |
| Date | 19:45:15, September 08, 2008 CET | From | Hobrazian Extraordinary Gentlemen's Club | To | Debating the Retirement Act |
| Message | full support as promised. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 400 | |||||||
| no | Total Seats: 0 | |||||||
| abstain | Total Seats: 0 |
| Random fact: The forum contains a lot of useful information, it has updates to the game, role playing between nations, news and discussion. http://forum.particracy.net/ |
| Random quote: "Power corrupts. Absolute power is kind of neat." - Don Reagan |