AFL starfsgreinafélag

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Increase in pension fund payments

This month the employers contribution to pension funds will increase 1,5% in addition to the 0,5% increase last year.  Employees are allowed to place this addition either in an “earmarked” inheritable personal fund or to the general pension plan. If the addition is placed in the individual’s general pension plan – the insurance coverage against disability etc. , will increase proportionally.  Then however this addition is not inheritable.

If an employee wishes to place the addition to an earmarked special fund – they need to fill out a form on the website of their pension fund.

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