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A
BILL
TO
Guarantee that government workers' wages and universal basic income are adjusted to keep pace with inflation.
1 - Short Title and EnactmentBILL
TO
Guarantee that government workers' wages and universal basic income are adjusted to keep pace with inflation.
(1) This Act may be cited as the Government Wage Inflation Parity Act, or “GWIPA”.
(2) This Act may be numbered as P.B.01-### (to be assigned by the Office of the Speaker).
(3) This Act shall be enacted immediately upon receiving assent from His Majesty the King.
(4) This Act was authored by MP Capt11543.
(5) This Act was co-sponsored by MP ItsStormcraft.
2 - Reasons
(1) The government wages set forth by the Pay Scale Act were set at a specific time by the interim Parliament, with consideration for the economic conditions at that time only.
(2) Government workers should be guaranteed a consistent standard of living in exchange for their work, and to be protected against high rates of inflation.
3 - Amendments to the Pay Scale Act
(1) The following new section shall be inserted into the Pay Scale Act:
“8 - Inflation Adjustment
(1) All fixed forms of monetary compensation or support issued by the Crown pursuant to law or Ministry policy, including but not limited to: wages; salaries; stipends; universal basic income; piece-rate payments; and other payments for work performed, or entitlements received; shall be automatically adjusted each month to preserve their real value in accordance with the monthly inflation rate reported by the Royal Bank of Alexandria’s Office of Economic Statistics, as published in their official report.
(a) In determining the exact adjustment, the following formula shall be used: B * (1 + I), where:
(i) B is the base amount of payment, and
(ii) I is the reported rate of inflation over the past month.”
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