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99 results for "Pension"
Roles and policies
The LSR's policy statement states that the fund must adopt responsible practices, with quality work practices, professionalism and initiative as a guiding light. The fund emphasises exemplary service and powerful information technology. In this way, LSR w...
/en/about-lsr/roles-and-policies/
Employers
LSR is divided into Divisions A and B, as well as private pension. Division B was closed in 1996, and therefore most active fund members pay into Division A, which accepts new fund members if they meet the conditions for membership. Part of the fund membe...
/en/employers/overview/
Taxation
You are responsible for notifying the fund in which tax bracket retirement benefits or pension payments should be taxed, and whether the personal tax credit should be used. In this way, you prevent tax payments from being either over- or under-calculat...
/en/pensions/division-a/taxation/
Upon the start of employment
Starting your first job or changing careers is a major step. Here you'll find an overview of the key things to keep in mind during this important transition.
/en/life-events/upon-the-start-of-employment/
Division B
Division B of LSR manages LSR's older rights system, but the division was closed to new fund members at the end of 1996. Division B is partly a flow-through fund where employers cover part of the pension payments, in addition to the state guaranteeing ...
/en/investments/overview/division-b/
Division A - Residency abroad
Retirement pension recipients must log in to My Pages. Spousal pension recipients must submit confirmation of their current marital status from their country ...
/en/pensions/division-a/pension-payments/residence-abroad/
History of LSR
1855 The foundation for the pension rights of civil servants was laid by the decree of King Fredrik VII of Denmark from 31 May, 1855, to enact in Iceland...
/en/about-lsr/history-of-lsr/
Division A
Please keep in mind that LSR’s Division A is a closed pension fund, and it is important to check that the membership conditions are met before premiums are paid. Premium base and rehabilita...
/en/employers/division-a/
Rights in other funds
Rights cannot be combined or transferred between funds. If you want to start drawing pensions from all funds at the same time, it is usually sufficient to submit a pension application to the fund you last paid into and request that it forward the appli...
/en/pensions/division-a/rights-in-other-funds/
Division B
Premium payments to Section B continue until the fund member retires, regardless of age.A premium must be paid from daytime wages, holiday bonus, personal allowance, teachers' semester allowance and shift supplements due to regular shifts, but n...
/en/employers/division-b/