SPRING MEETING

Abolition of mandatory pension savings voted down

During the 2025 election campaign, several parties promised changes or the complete abolition of mandatory pension savings. However, they all voted against a proposal from Naleraq on just that.

The chairman of Naleraq, Pele Broberg, had proposed abolishing the mandatory pension scheme. The other parties in Inatsisartut voted to reject the proposal.
Published

On Wednesday, April 15, Inatsisartut 2nd considered a proposal to abolish the mandatory pension scheme, which was proposed by the chairman of Naleraq, Pele Broberg.

“Adoption of the resolution will require that Naalakkersuisut submit a bill to repeal the Act on Mandatory Pension Savings, with the aim that there is no longer a compulsory savings, with an exclusively voluntary scheme,” writes Pele Broberg in the resolution.

The new Naalakkersuisoq for Finance, Aqqaluaq B. Egede (IA), took the podium first and presented a motion of rejection on behalf of Naalakkersuisut.

Jens Napãtôk (N) accused the other parties of running away from their election promises and stated that voters can count on Naleraq 110 percent.

- You can easily remember, I am sure, what other parties have criticized previous governments for or promised during their election promises that they would make a big change, but what are they doing today, when they finally sit in Naalakkersuisut? What are they doing today, when they sit in coalition with different parties? They are running away from their election promises, he said in conclusion from the podium.

A total of 16 members of Inatsisartut voted against the proposal. Eight – that is, all members of Naleraq in Inatsisartut – voted in favor. The proposal is thus rejected.

Naalakkersuisut wants changes to the scheme

The mandatory pension scheme, which was adopted in 2016, has long been maligned, and during the 2025 election campaign, most parties otherwise agreed to change it. Atassut, Demokraatit and Naleraq wanted the law to be repealed, while IA wanted changes, and Siumut wanted the scheme to be continuously reviewed.

And when Demokraatit, IA, Siumut and Atassut entered into a broad coalition in March last year, it was with an agreement on a settlement on a pension reform, which also includes an evaluation of the mandatory pension scheme.

Therefore, the debate on the scheme is not over for this session. In May, the parties will again discuss a proposal on mandatory pension savings. This time it has been put forward by the Greenland Government, and involves changes to the scheme.

The Greenland Government will await the outcome of the expert group's work before making more far-reaching decisions in the pension area, including the mandatory pension scheme. However, the Greenland Government has decided that there is already a need to make some adjustments to the mandatory pension scheme.

The Greenland Government proposes a reduction in the savings obligation of civil servants and a temporary suspension of collection via tax cards and tax tickets.

The Greenland Government's proposal will be considered on 2nd May 5th and 3rd May 15th.