Introducing actions related to about 65,000 people

The Ministry of Social Affairs and Housing says that in the financial plan for the years 2026-2030 there are big news for the disabled and older people.

It is pointed out that two major changes will be funded with the program, as well as system changes as a new invalidity pension system.

« The plan marks a watershed for the disabled and the elderly in Iceland.

Changes take into account the increase in wage index

It also states that the Government’s policy statement stipulates that annual changes in invalidity and old-age pension payments take into account the increase in the wage index and will never be lower than the increase in prices.

This is to help make the payments better follow general labor development in the labor market and ensure that pensioners do not reduce purchasing power. It is stated that the operation is now funded in the financial plan.

The wage bargain from the story

It is pointed out that the change touches everyone who receives payments from social security in Iceland, ie. Anyone who receives a disability pension, old -age pension or rehabilitation pension. There are about 65,000 people.

« This is a huge issue and it is wonderful to see it become a reality. The wage of social security and wages will finally be out of the story and people around the country benefit from, » has also been after Inga.

It is also stated that the financial plan assumes that the general pensioner’s free income limit will increase in steps from ISK 36,500. and up to 60,000 kr. per month. The action is also according to the government’s policy statement.

Photo/Cabinet

95% pensioners receive higher payments

« Today, an old -age pensioner may have ISK 438,000 in income per year without his old -age pension payments starting. the announcement.

Finally, it says that upon entry into force this fall, the payment system will be simplified and payments increased. Says that 95% of pensioners will receive higher payments in a new system.

« In the new system, there are incentives for employment and cooperation will be increased in rehabilitation. Payments will be continuous and coordination teams have an overview of issues of individuals who need services more than a system, » the announcement also states.

Photo/Cabinet