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Bill: Pension Reform Act
Details
Submitted by[?]: Libertarian 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: July 3138
Description[?]:
| The state pension system has been insolvent for years. With the rising number of elderly citizens compared to young workers, the system will inevitably increase its debt. The public pension system, further, has a negative effect upon our citizens. It creates a moral hazard to not save up and instead rely on the pension. Prior to the the development of the public pension system, there were many private alternatives, and most of the population was covered by some form of insurance against old age. The public pension crowded out and destroyed much of this system. The public pension has not been an economic use of state money, and like a number of other government programs, represents a subsidy from the poor, who are more likely to be young workers, to the rich, who are much more likely to be elderly. The LP requests that the legislature repeal this expensive state commitment and irrational subsidy. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state offers a voluntary public pension, combined with other voluntary private pensions.
Current: The state operates a compulsory, public pension system.
Proposed: The state does not operate a pension system. Individuals must save up for retirement on their own.
Debate
These messages have been posted to debate on this bill:
| Date | 21:21:56, June 17, 2011 CET | From | Libertarian Party | To | Debating the Pension Reform Act |
| Message | The LP requests that other parties consider the LP's arguments for this policy change deeply and debate them before proceeding to a knee-jerk vote. |
| Date | 21:53:06, June 17, 2011 CET | From | Hizb al-Wasat al-Islami | To | Debating the Pension Reform Act |
| Message | We are not willing to abandon the public pension system, but for the sake of budget reductions we do support, and have voted accordingly, to raise the retirement age, so to ease government expense. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 128 | |||
| no | Total Seats: 141 | |||
| abstain | Total Seats: 81 |
| Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
| Random quote: "I think that gay marriage is something that should be between a man and a woman." - Arnold Schwarzenegger |