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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/

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/

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/

Overview

At LSR, you may apply for a mortgage loan if you have paid contributions to LSR at any time during the past five years. LSR mortgage loans are available as indexed loans with fixed interest rates for the entire loan term, and you can choose between equal ...

/en/loans/overview/

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/

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/

Division A - Division between spouses

In response to this, fund members of Icelandic pension funds in marriage, cohabitation or confirmed cohabitation are offered two options to equalise the status of cohabiting partners. On the one hand, there is the option to divide pension rights and on...

/en/pensions/division-a/division-between-spouses/overview/

Overview

Division B of LSR was closed to new members at the end of 1996. However, those who have contributed to the fund since then continue to accrue benefits under the division's rules. These include lifetime retirement benefits, disability pensions in case of d...

/en/pensions/division-b/overview/