Grants and benefits
All workers must contribute part of their wages to a pension fund by law. A fund member, that has contributed to a fund for at least twoyears, is entitled to disability pension payments if the loss of capacity is assessed as fifty percent or more and the loss of capacity results in a curtailment of income.
Overview
Grants and benefits
- Persons who have been assessed as disabled may be entitled to various benefit payments and grants. The payments, which may be determined according to a range of factors, are bound by the disability rating of the individual and his or her circumstances.
- The disability pension recipient is advised to thoroughly examine the information and rules on income linking, as the majority of benefit categories are income-linked.
- Disability pension recipients must prepare, annually, an income estimate. This estimate forms the basis for calculating the benefits for the coming year. The Social Insurance
- Administration sends benefit recipients a filled-in income estimate form, which they then correct if necessary.
- The parents of children who are disabled or suffer from serious illness are entitled to care benefits. The payments may continue from the end of maternity/paternity leave until the child is aged 16 or 18.
- Spouses and those living with disability pension recipients may, under certain circumstances, be entitled to spouse or care benefits.
- Benefit recipients are obliged to notify the Social Insurance Administration of any changes to their circumstances.
Links of interest
- Affairs of the Disabled, Ministry of Welfare
- The Organization of Disabled in Iceland
- Social Insurance Administration
- Icelandic Human Rights Centre
- Sjónarhóll - Counselling Center
- Good to know, Q&A, Pension Funds Association
