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Original name: Lög um starfskjör launafólks og skyldutryggingu lífeyrisréttinda nr. 55/1980
Name: Act on Working Terms and Pension Rights Insurance, No. 55/1980.
Country: Iceland
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 1980-06-09
Entry into force:
ISN: ISL-1980-L-36768
Bibliography: Lagasafn, 1991, Ministry of Justice, Reykjavik, Iceland, Vol. I, pp. 615-617
Legislation on-line in English Legislation on-line in English Ministry of Welfare, Iceland PDF of Act as amended to Act No. 76/2010. PDF of Act as amended to Act No. 76/2010. (consulted on 2011-08-31)
Legislation on-line Legislation on-line Icelandic Confederation of Labour (ASI), Iceland (consulted on 2019-07-09)
Abstract/Citation: Wages and other working terms agreed between social partners shall be considered minimum terms for all workers in the relevant occupation. Contracts on worse terms shall be void. All workers and those who run businesses or private enterprises shall be members of the pension fund in the field of activity in question. Provisions respecting contributions of workers and employers. All employers shall be obliged to pay to the sickness benefit fund and holiday allowance fund of the relevant labour union.
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