Iceland’s Outgoing Ministers Paid for Six More Months Skip to content

Iceland’s Outgoing Ministers Paid for Six More Months

Five outgoing ministers of the Independence Party have the right to receive more than ISK 12 million (USD 103,000, EUR 78,000) in total for six months of severance pay, even if they continue working as MPs.

Former Minister of Business Affairs, Björgvin G. Sigurdsson of the Social Democrats, who resigned from his post on Sunday, has declared that he does not want to receive any severance pay, Fréttabladid reports.

Ministers have the right to receive ISK 335,000 (USD 2,900, EUR 2,200) per month in severance pay, and the prime minister ISK 415,000 (USD 3,600, EUR 2,700), provided they have been in office continuously for one year.

“Certain regulations apply to this and I assume that ministers will take advantage of their rights in this matter as has been the case almost without exception for years,” said outgoing Minister of Justice Björn Bjarnason. “I’ll follow the law in this case as in other cases.”

Minister of Finance Árni M. Mathiesen commented, “Usually one has accepted what one has been offered.”

MPs have the right to three months of continued pay after they retire from parliament.

Fréttabladid was unable to reach outgoing Prime Minister Geir H. Haarde in relation to this story.

Click here to read more about the termination of the government.

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