Your Right to a Lifelong Pension
In addition to the right to a lifelong retirement pension, you earn the right to a disability pension due to reduced working capacity. Likewise, you earn your spouse the right to a spouse's pension upon death and your children the right to a child's pension if your working capacity is significantly reduced or you pass away.
Lifelong Pension
You get a guarantee for lifelong pension payments from the time you begin to draw your pension. Payments will reflect your contributions throughout your working life and return on the fund's investments.
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Disability Pension
You are entitled to a disability pension if your work capacity is reduced due to illness or accident and this reduction is assessed as at least 50% by the fund's medical officer.
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Spouse's Pension
When you contribute to the fund you are not only earning entitlement for your senior years, but also ensuring to some extent your family's situation in the event of your death.
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Iceland Pension Questions?
We encourage you to find more information and education on the English website of The Icelandic Pension Funds Association. There you will find frequently asked questions and educational videos.