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Bill: Pension Act of November 2197
Details
Submitted by[?]: Proletariat Revolution 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: December 2198
Description[?]:
| It is noted that some people don't have the natural inclination to save in the form of a private RRSP for when they reach old age. Thus, many come up short and are forced to work because they don't have the means by which to subsist in their old age. For this reason, the state needs to have a plan in place so that our eldery aren't left in the cold. By having a compulsory system, we can ensure that people pay to invest for their future. When they are retired, their cash flow drops signficantly and by having a small safety net in place, we can help protect them. It may be money that they can't have immediately, but this money can help preserve them when they are retired or unable to work due to age. In having a public system, there is still no need to eliminate a private one for those who would like to invest in their own private fund. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state does not operate a pension system. Individuals must save up for retirement on their own.
Current: The state offers a voluntary public pension, combined with other voluntary private pensions.
Proposed: The state operates a compulsory public system combined with an optional private pension.
Debate
These messages have been posted to debate on this bill:
| Date | 21:10:23, March 10, 2006 CET | From | Front for State Prosperity | To | Debating the Pension Act of November 2197 |
| Message | A compulsory private system would accomplish the same thing while having additional beneficial effects on our economy. The Front for State Prosperity will support a move to a full public system once we achieve our goal of having state ownership of the commanding heights of industry, or more. |
| Date | 21:25:55, March 10, 2006 CET | From | Commonwealth Workers Army | To | Debating the Pension Act of November 2197 |
| Message | AM AAP supports. |
| Date | 22:16:43, March 10, 2006 CET | From | AM Radical Libertarian Party | To | Debating the Pension Act of November 2197 |
| Message | AM RLP must oppose; as the current private systems are run more effeciently than a public run system would be. The beneficial effects of competition cannot be overstated. |
| Date | 01:16:40, March 11, 2006 CET | From | Likaton Fascist Front | To | Debating the Pension Act of November 2197 |
| Message | This is an excellent proposal that increases the choice that consumers have while not sacrificing the certianty of a public pension system. With private pension systems competing for the consumer LIK costs will go down and returns will go up. We fully support and thank the AM-Proletariat Front for such a palatable proposal. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 313 | |||||
| no | Total Seats: 117 | |||||
| abstain | Total Seats: 71 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "I am loyal to the ideas, not to the institutions." - Cyro Aquila, former Selucian politician |