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Bill: Pensions
Details
Submitted by[?]: Telamon Social Democratic 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: November 2189
Description[?]:
| We wish to highlight that this bill does not ban individuals from saving a private pension. It merely removes the bond between the public and the private systems. The law clearly states that "state operates a compulsory public system COMBINED with an optional private pension" [my emphasis]. This we take to refer to a system where the state somehow regulates the optional private pensions so that they form a overall pension system that has a public and a private part. In some countries this takes for example the form of tax incentives that are linked to certain features of the private pension plans (retirement age etc.). We have nothing against anyone up for retirement, quite the contrary. We simply wish to keep separate whatever means people wish to save money for their retirement and the public compulsory pension system. I see no way that saving up for retirement could (and we mean could in the sense of being able to) be banned as it is simply a form of saving. You can still save for your pension, the state just takes no interest in it. We do not have any legislation that limits the kind of insurance companies are permitted to sell (including pension scemes) and we have no limitations to the use of bank accounts or stock and bond investments. Thus we can not see how the proposed legislation could possibly mean banning private saving for retirement. It simply states that the state takes no position on any private pensions plans and operates a public, compulsory one. We could understand other interpretations in the matter if the bill 1) specifically banned private saving for pensions, 2) if our legislation had any means of preventing it in the first place. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state operates a compulsory public system combined with an optional private pension.
Current: The state operates a compulsory public system combined with an optional private pension.
Proposed: The state operates a compulsory, public pension system.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 121 | |||
| no |
Total Seats: 137 | |||
| abstain | Total Seats: 97 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice." - Friedrich August von Hayek |