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Bill: L-1: Hutorian Public Retirement Fund Act

Details

Submitted by[?]: Labour Party of Hutori

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: August 5294

Description[?]:

Legislation pushed by labour activist that seeks to expand the current, voluntary, pension system into a compulsory system that would be funded by a small, nominal payroll tax.

Article 1.) Creation of the HSSA
I. This bill would create the Hutorian Social Security Administration, hereby to be referred to as the HSSA henceforth.
II. The HSSA will oversee the transition of the public pension fund from a voluntary to compulsory system.
III. Effective 6 months after the passage of this legislation, All eligible Hutorians will be required to contribute a payroll tax of 4.5%.

Article 1a.) Role of private sector
I. Private pensions will still be permitted to operate under this legislation but will fall under the regulatory authority of the HSSA.

Proposals

Debate

These messages have been posted to debate on this bill:

Date06:08:08, April 29, 2023 CET
FromNational Progress Party
ToDebating the L-1: Hutorian Public Retirement Fund Act
MessageMr. Speaker,

We will support this bill.

-Alice Parnel
Minister of Health and Social Services
Senator for Dalry West
Leader of the NPP in Lagard

Date13:46:51, April 29, 2023 CET
From Liberal Party of Hutori
ToDebating the L-1: Hutorian Public Retirement Fund Act
MessageMr. Speaker

The only modification we would push for on this Bill is Amending the language from Hutorian Social Security Administration and HSSA to the traditional Hutorian Pension Program and the HPP. This is language that when looked for by the public servants when they physically set up and administer the program. Beyond that we are more then willing to support this legislation.

Theodore Woodbury
Leader of the Monarchist Party of Hutori
Senator for Groomsbridge

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Voting

Vote Seats
yes
    

Total Seats: 505

no

    Total Seats: 0

    abstain

      Total Seats: 0


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