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Iceland > Seafarers - Social security

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Country: Iceland - Subject: Seafarers - Social security

  1. Iceland - Seafarers - Social security - Law, Act

    Act No. 44 of 1992 to amend Act No. 49 of 1974 on the Fishermen's Pension Fund, made under Acts No.10 of 1978, No. 15 of 1980 and No. 78 of 1985.

    Adoption: 1992-06-01 | Date of entry into force: 1992-06-01 | ISL-1992-L-35917

    Provides for rules on the investment of the fund's assets and on workers' contributions. The main provisions concern disability. Each member of the fund who has paid his contribution for at least 3 and a half years has the right to compensation if the disability is 35 per cent or more. The amount cannot exceed the amount of wages that the worker had before the accident that led to his invalidity. In the case of death of a member, the Act stipulates which persons close to the member can become beneficiaries.

  2. Iceland - Seafarers - Social security - Law, Act

    Act No. 78 of 1985 to amend Act No. 49 of 1974 on the pension fund for seamen.

    Adoption: 1985-07-03 | ISL-1985-L-36438

    Amendment concerning the calculation of benefits. Consolidated text.

  3. Iceland - Seafarers - Social security - Law, Act

    Act No. 48 of 1981 to amend Act No. 49 of 1974 on the pension fund for seamen.

    Adoption: 1981-05-29 | ISL-1981-L-36435

    Amendment concerning which workers can become members and continuation of membership when retiring at sea.

  4. Iceland - Seafarers - Social security - Law, Act

    Act No. 15 of 1980 to amend Act No. 49 of 1974 on the pension fund for seamen.

    Adoption: 1980-04-14 | Date of entry into force: 1980-01-01 | ISL-1980-L-36434

    Amendments concerning the rights of a common-law spouse, an unmarried mother or an unmarried sister of a deceased member.

  5. Iceland - Seafarers - Social security - Law, Act

    Act No. 10 of 1978 to amend the Act No. 49 of 1974 on the pension fund for seamen.

    Adoption: 1978-05-05 | ISL-1978-L-36436

    Amendments concerning the investment of the Fund's assets.

  6. Iceland - Seafarers - Social security - Law, Act

    Act No. 49 of 1974 on the pension fund for seamen (Consolidation).

    Adoption: 1974 | Date of entry into force: 1974-05-16 | ISL-1974-L-36433

    Members of the Fund are in general all seamen, both on fishing ships and cargo ships. Art. 2 contains detailed provisions on membership. Art. 4 to 8 contain provisions concerning administration and investment of the Fund's assets. Each member shall pay 4 percent of his wages as a contribution. The employer shall withhold the amount and reimburse the Fund within two weeks. The employer shall pay 6 percent of the wages of the worker to the Fund. Art. 11 contains provisions on the calculation of the acquired benefits. Each member can receive benefits at the age of 65 or sooner in special cases. The member can also defer his retirement. Art. 13 to 15 make provisions for disability benefits and survivor's benefits. Repeals Act No. 78 of 1970 on Pension Fund for Seamen.


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