Child pension in case of disability or death of a fund member
Children of deceased fund members are entitled to a child pension due to death up to the age of 22.
The condition is that the fund member met one of the following conditions:
- Paid into the fund for at least 24 of the last 36 months before death
- Paid into the fund for at least 6 of the last 12 months before death
- Received retirement pension from the fund at the time of death
- Received disability payments from the fund at the time of death
Children of fund members who receive disability pension payments from Division A are also entitled to child pension due to disability. The condition is, however, that the fund member has the right to extrapolation, i.e. they have paid into the fund for at least three of the last four calendar years and paid the premium for at least six months in the last twelve months before loss of capacity.
Division A child pension:
- Paid until the child reaches 22 years of age
- Child pension in case of death is paid to the child's account
- Child pension in case of disability is paid to the child's guardian until 18, and after that to the child
Amount of child pension
Child pensions due to death or disability are fixed monthly amounts that increase monthly in line with the consumer price index. Children of disability pensioners are paid a percentage of this amount in accordance with the disability ratio.
Amount of full child pension due to death:
ISK 36,401 per month
Amount of full child pension due to disability:
ISK 27,301 per month