Grindavík Residents Demand Pension Funds Lower Interest Rates, Loan Repayments Skip to content
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Grindavík Residents Demand Pension Funds Lower Interest Rates, Loan Repayments

A group of Grindavík residents visited the offices of Gildi pension fund to demand that Gildi and other funds to lower interest rates and repayments on housing loans, RÚV reports.

The major commercial banks have agreed to lower interest rates and repayments on housing loans for three months due to the natural disaster in Grindavík, and now residents are demanding of pension funds to do the same.

Statements from the funds indicate that they are investigating whether this is possible.

Addressing a group of Grindavík residents yesterday, December 4, director of Gildi, Árni Guðmundsson, stated: “I have said it many times, this matter is under review, it’s not concluded, and until it is, we cannot say anything more about it,”

When asked why the pension funds have taken longer to respond than the commercial banks, Árni stated: “Different rules and laws apply to us compared to the banks. Entirely different regulations and laws apply to us, and we just need our time to ensure that this is legally permissible for us.”

Hörður Guðbrandsson, chairman of the Grindavík Labor Union, stated to RÚV: “We received no real answers. They say it’s under review and it has been under review for an incredible amount of time, and they can’t find any reasons to support it. We were here protesting last Thursday and got the same answers. They just have no answers for us, and we’ll keep coming here until they come up with something sensible for us.”

Hörður also mentioned that the protesters received a poor reception, as they had trouble entering the building, the police were outside, and security guards were inside.

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