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Bill: Statewide Pension Plan

Details

Submitted by[?]: Solentian National Party (SNP)

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: December 3858

Description[?]:

"We propose the following piece of legislation to ensure that hard working Solentians have the option to retire at a reasonable age and are able to ensure the golden years of their lives and spend that time with their family, friends, and loved ones. We believe the following measures must be taken to ensure that hard working everyday Solenians are able to retire, be financially independent, and enjoy the last years of their lives."

-Nicola Surgeon, SNP Leader

Proposals

Debate

These messages have been posted to debate on this bill:

Date01:48:49, June 08, 2015 CET
From Conservative Party of Solentia
ToDebating the Statewide Pension Plan
Message"What will be done with existing private pensions? Will they be grandfathered in? Will they be seized? How will they be distributed? How will the loss of two years of productivity from each man and woman affect the national economy?"

Xandru Fontana, CPS Shadow Minister for Finance

Date02:22:38, June 08, 2015 CET
From Solentian National Party (SNP)
ToDebating the Statewide Pension Plan
Message"The existing private pensions will be grandfathered in. They will not be lost or forfeited in any way at all. They will be taken into the federal pension plan and will be in every way tied to the individuals they belonged to before hand. To your second question, we've considered that. Our thoughts are that education in our nation is free. We have generation after generation of students getting top class education and coming out and trying to compete with experienced professionals. We think that allowing people to retire 2 years earlier will create opportunities for these younger students trying to get into the work place."

-Nicola Surgeon, SNP Leader

Date02:44:20, June 08, 2015 CET
From Conservative Party of Solentia
ToDebating the Statewide Pension Plan
Message"Ms. Surgeon, perhaps indeed it might mean that the young and educated can replace the old and experienced, and perhaps this would foster innovation. But I must insist that we do the math on this. Suppose a man begins a 40,000 SOL job at the age of 25 and retires at 55. Assuming his salary does not change, his retirement two years earlier will reduce his taxable contribution by 80,000 SOL. Taxed at 20%, this is 16,000 SOL directly removed from Solentia's coffers. Multiply this example by the millions of men and women who will retire earlier, and the cost of this proposed legislation is staggering. Add on top of that the burden of paying out the private pensions now to be added to the public system, and I do not see this proposal as feasible without corresponding major cuts in other areas - something neither of our parties is keen to do to the already starved Anarchist budget."

Xandru Fontana, CPS Shadow Minister for Finance

Date04:01:39, June 08, 2015 CET
From Solentian National Party (SNP)
ToDebating the Statewide Pension Plan
Message"Mr. Fontana, first and foremost let me say that it is Mrs. not Ms. I accept your apologies in for that mistake in advance. Secondly, The you and educated will indeed now be able to replace the aged and the experienced in the sectors that they will be able to retire from. But I want to insist that you reevaluate the hypothetical that you've proposed here. We cannot foresee a situation where someone who beings work at 25 years of age will be making that until he is 55 years old. We will not, we know that other colleges of ours in this body will not, allow wages to stagnate. Secondly, your math assumes that everyone who can retire will retire. We do not believe this is the case. What this legislation is about, what the point of it is, is to allow those who do want to retire, those who can, those looking to, are able to. That's our goal with this piece of legislation. We do not believe that every Solenian who turns 55 will retire just because they are able to. There are many, many Solenians who will continue working because they love what they do. We would point out that you are also ignoring the thousands and thousands of people who are not able to get into the fields of work that they got degrees in. The people who do choose to retire early will now be able to breakthrough into their field. Think of this in terms of supply and demand. We have a huge supply of labor as we have an incredible public education system and a tuition free system of state ran colleges and universities. What this bill will do is increase the demand for skilled labor. This will, for the most part, balance itself out. The costs and benefits will balance themselves out,f or the most part. And if they don't entirely, that's okay too. We are currently operating with a budget surplus and have time to work out any kinks in the system."

-Nicola Surgeon, SNP Leader

Date04:56:14, June 08, 2015 CET
From Free Democratic Party
ToDebating the Statewide Pension Plan
Message"This act is legitimately offensive. We would end all public pensions immediately and eliminate the retirement age. The state has no right to tell me when and how to retire."

-Richard Gates

Date05:05:20, June 08, 2015 CET
From Solentian National Party (SNP)
ToDebating the Statewide Pension Plan
Message"No, corporations should be able to tell their employees, or slaves as the Anarchists would have them be, how and when and if they can retire."

-Nicola Surgeon, SNP Leader

Date13:00:08, June 08, 2015 CET
From The Liberal Socialists
ToDebating the Statewide Pension Plan
Message"We should raise the retirement age, not lower it"

- Universe Party

Date15:47:28, June 08, 2015 CET
From Free Democratic Party
ToDebating the Statewide Pension Plan
Message"The Universe Party is completely right."

-Penny Webb

Date19:31:13, June 08, 2015 CET
From Conservative Party of Solentia
ToDebating the Statewide Pension Plan
Message"The CPS must regretfully oppose. We see no real benefit in disallowing the optional private pensions that already exist, since a compulsory public option already exists. We also worry that the costs of two years of lost productivity will not be so easily negated as the SNP suggests."

Karm Parodi, CPS Legislative Lead

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Voting

Vote Seats
yes
 

Total Seats: 31

no
     

Total Seats: 287

abstain
  

Total Seats: 86


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