Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Social conditions

Collection:: Economics Books

SOCIAL INSURANCE Though Social Insurance of any kind may be said to be still in its infancy in Iceland, some activities have already been commenced in that field. Old Age Insurance. As early as 1890 relief funds were established in all municipalities and parishes, the object being to give assistance to poor people who by reason of old age were no longer able to provide for themselves. The law prescribed for all domestics and lausafélk (i. e. workers, not in service) belween 20 and 60 the lia- bility to make small annual contributions to the funds which during the first years were placed at interest. After a time pensions began to be granted to poor persons (over 60) included in the insurance scheme without its involving any civil disabilities for the recipients. But as these pensions were so small as to be of practically no use at all, an act was passed in 1909, under which conlribution was made obligatory for all men and women between 18 and 60, the fee pay- able by each person somewhat raised, and a State grant prescribed for the funds corresponding to the number of those liable to pay. Exempted from paying were those in receipt of poor relief; those who had children or other dependants to provide for; those who were unable to earn wages; and those who were otherwise insured (as e. g. State officials). By a law of 1917 the contribution was increased fo two krénur per every male and one kréna per every female in- cluded in the scheme, while the government grant was fixed at one kréna per every person liable to pay. The sums annually distributed are: two-thirds of the premiums paid, one-half of the State grant, ‘and half the interest. Pensions are granted on application to persons over 60 years of age who for the last five years have not been reci- pients of poor relief and who by reason of old age cannot provide for themselves. Under special circumstances pensions *may also be granted to invalids under 60 years of age. The pensions granted range in amount from 20 to 200 krénur. At the end of 1927 the Old Age Insurance Funds amounted to 1028 thousand krénur; the number of persons covered by the insurance was 45000, corresponding to about 44 per cent. of the population; the number of pensions granted was some 2500: and the amount distributed, 93 thousand krénur. Accident Insurance. Accidents are very common in Iceland, espe- cially deaths by drowning among fishermen (see page 16. It is there

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