According to Morgunbladid, professor Stefán Ólafsson of the University of Iceland claims the interests of Icelandic pension fund recipients have been “neglected” over the past few years, and that the government is responsible.
Stefán made his remarks at a conference about taxation which was held in Reykjavík yesterday.
Stefán claimed that the government’s tax policy had increased the purchasing power of the affluent but lowered the purchasing power of the poor.
According to Morgunbladid, the economist Einar Árnason observed that in Denmark people received higher pension payments than in Iceland and also the level of deductible income, which can be earned without reducing pension payments, amounted to ISK 50 thousand. 70 per cent of pensioners in Denmark and 100 per cent of pensioners in Sweden receive full pensions; in Iceland, only 1 per cent receive a full pension.
