Calls for Pension Age to Gradually Increase to 70 Years Skip to content

Calls for Pension Age to Gradually Increase to 70 Years

By Iceland Review

Head of Finance of the Icelandic Confederation of Labor (ASÍ) Gunnar Björnsson told an assembly held in Hotel Nordica today that Iceland’s pension age should be pushed from 67 years to 70. Gunnar stated that the changes would need to be made gradually due to population ageing.

old-man_esaPhoto by Eygló Svala Arnarsdóttir.

Gunnar is the chairman of a committee whose task it is to recommend adjustments to the pension system. According to Gunnar, the authorities in Norway consider the life expectancy of each generation in deciding payments from pension funds, mbl.is reports.

Studies indicate that the pension age in Iceland could realistically be increased to 70 years over the next 30 years.

ZR

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