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Division A - Overview

In LSR Division A, you will be entitled to a pension for the rest of your life, a disability pension if you become disabled, and your spouse and children can be entitled to a spouse's and children's pension in the event of death.

/en/pensions/division-a/overview/

Specified Private Pension

LSR started offering specified private pension in mid-2023, so the department is in a developmental phase. According to the Investment Policy, it is estimated that the proportion of bonds will be 50%, equities 47% and deposits 3%.

/en/investments/overview/specified-private-pension/

Private Pension - Plan III

Plan III is one of LSR’s three private pension plans. The plan’s capital is fully invested in indexed deposit accounts, which minimises fluctuations in returns and is best suited to those who want to keep their balance stable during their last working ...

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Private Pension - Plan II

Plan II is one of LSR’s three private pension plans. The weight of bonds is higher than the weight of equities, which means that fluctuations in returns are smaller than in Plan I. Thus, Plan II is suitable for those who want to take less risk in the l...

/en/investments/overview/private-pension-plan-ii/

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 - Spouse Pension

The amount of the spouse pension is a percentage of the accrued rights of the fund members. A spouse may also be entitled to extrapolation, but then the rights of the deceased fund member are calculated as if they had paid premiums until the age of 65....

/en/pensions/division-a/pension-payments/spouse-pension/

Foreign investment

Rating - MorningstarAn EGS assessment of a foreign portfolio is based on a risk assessment from Morningstar. Such an assessment is assigned to all listed mutual funds that have a measurable risk management framework around the majority of asse...

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Division A - Foreign nationals

Refund of premiums upon emigration In some cases, foreign nationals who move out of the country can get the premiums they have paid into an Icelandic pension fund refunded. In accordance with law, the following rules apply at LSR:

/en/pensions/division-a/pension-payments/foreign-nationals/

Sustainability-Related Risk Disclosure (SFDR)

/en/investments/responsible-investments/sustainability-related-risk-disclosure-sfdr/

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/