almannatryggingar

Almannatryggingar, or the general social insurance, is the public social security system in Iceland that provides a basic income protection for residents against life’s risks. It is designed to ensure a minimum standard of income during events such as illness, disability, maternity or paternity, old age, and death. The system is financed by compulsory contributions from employers and employees and by government funding, and it is administered by Tryggingastofnun ríkisins (the Icelandic Social Insurance Administration).

Coverage and eligibility are broad: most people living and working in Iceland are covered by Almannatryggingar, including employees, the self-employed, and some categories of dependents. Eligibility generally depends on residence and the payment of social insurance contributions; new arrivals and temporary residents may become eligible after meeting residence or work requirements. The exact scope can vary by benefit type and individual circumstances.

Benefits provided through Almannatryggingar typically include sickness benefits, parental benefits, disability benefits, old-age pensions, and survivors’ benefits. Benefit levels and duration are usually linked to earnings history and length of contribution, with caps and specific rules governing each category. The aim is to replace a portion of lost income and to support individuals and families during challenging life events.

Administration and policy context: the scheme is administered by Tryggingastofnun in coordination with other public agencies, including the Tax Administration and the healthcare system. It forms a core part of Iceland’s welfare state and interacts with private pension provisions and other social programs. Legislation governing Almannatryggingar is reviewed periodically by the Althingi (parliament).