About this bill
Labour Committee divided over closure of fishers' pension scheme
The government proposed closing the pension scheme for fishers to new members from April 1, 2026, and phasing out the arrangement over time. The committee was split: the Labour Party and Conservative Party backed the proposal, while the Progress Party, Socialist Left Party, and Red Party opposed it. The opposition majority argues that fishers still need a statutory pension scheme and has urged the government to establish a broad working group to modernize it instead.