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Name: Act No. 50 of 1984 on the pension fund for farmers.
Country: Iceland
Subject(s): Agriculture workers; Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 1984-06-01
Entry into force:
Published on: Photocopy
ISN: ISL-1984-L-36441
Bibliography: Photocopy
Lagasafn, 1991, Ministry of Justice, Reykjavik, Iceland, Vol. I, pp. 1617-1627
Abstract/Citation: Members of the Fund are farmers and their spouses (including common-law marriages) and agricultural workers over 16 years old who are not members of other funds. Contains provisions on administration, investment of assets, amount of the contributions and calculations of benefits. Each member who has paid his contributions for 12 months or longer has the right to retirement benefits at the age of 67 but can defer the retirement until the age of 70. Art. 10 contains provisions on disability benefits for disabilities estimated at 40 percent or more. Art. 11 and 12 contain provisions on survivor's benefits. Repeals Act No. 101 of 1970 on the Pension Fund for Farmers.
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