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Bill: Superannuation Act
Details
Submitted by[?]: Gaduridos Labour [PAG]
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 4399
Description[?]:
| Providing for Gaduridan workers in their retirement is vitally important to the financial health of our nation and the social responsibilities that we hold to our people. By ensuring workers accumulate retirement savings during their working life, we will reduce draw down on state pensions and reduce the need to provide additional taxpayer supplements. Any contribution made by an employer or by an employee supplementing the fund may be invested by corporate or industry led super funds to maximise value for retirees. As a responsible party, Labour acknowledges that a marginal corporate tax cut would be best to assist companies in paying for this - with savings from this bill filling any budgetary hole in the treasury. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 19
Proposed: 11
Article 2
Proposal[?] to change A law on employers' obligations with regards to social security contributions.
Old value:: Payroll contributions are not mandatory but the government grants tax incentives to providers.
Current: All enterprises are required to cover basic payroll contributions for their employees.
Proposed: All enterprises are required to cover basic payroll contributions for their employees.
Article 3
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: There is a compulsory private pension system.
Debate
These messages have been posted to debate on this bill:
| Date | 01:41:31, May 26, 2018 CET | From | Republican New Movement | To | Debating the Superannuation Act |
| Message | Whilst we welcome the corporate rate cut the changes to pension structures are unacceptable. |
| Date | 05:54:42, May 26, 2018 CET | From | Progressive Conservative Party | To | Debating the Superannuation Act |
| Message | PCP urges parties to recognize that even marginally cutting the current tax rates will result in deficits without other changes to the budget. We will oppose any piece of legislation that will result in a defecit. Laura Esposito PCP Parliamentary Spokesperson |
| Date | 08:47:29, May 26, 2018 CET | From | Striving for Gaduridos [PAG] | To | Debating the Superannuation Act |
| Message | SfG can agree on proposal 1 and 2, but we cannot go along with proposal 3. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 0 | ||||
| no |
Total Seats: 300 | ||||
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Wherever you have an efficient government, you have a dictatorship." - Harry S. Truman |