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ISL-1974-L-36433
Breadcrumb
Title_of_text
Act No. 49 of 1974 on the pension fund for seamen (Consolidation).
Main Region
First Region
Country(ies)
Iceland
Subjects (Classification)
Seafarers - Social security
Adopted on (Date of text)
1974
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
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.
Entry dates region
Date of entry into force
1974-05-16
Date of initial text.
Repealing Text region
Repealing text(s)
1994-04-24 (ISL-1994-L-46393)
Act No. 94 of 1994 on the Pension Fund for Seafarers.
Repealing text(s)
1994-04-24 (ISL-1994-L-46393)
Act No. 94 of 1994 on the Pension Fund for Seafarers.
Monograph region
Monograph title
Lagasafn
Publisher
Ministry of Justice
Place of publication
Reykjavik
Country
Iceland
Date
1991
Volume
Vol. I
Page range
pp. 691-699
Serial region
Serial title
Photocopy