Pensioners who were VR members prior to their retirement can access various services from VR regardless of them no longer being in the work market.
Old-age pensioners, who were VR members prior to their retirement, are entitled to various services from VR regardless even if they are no longer in the work market. VR offers a course to members aged of 63-72 who are considering retirement or who have recently retired.
Course are advertised on VR's web site, in the VR magazine and in via email to VR members.
Basic rights of senior members:
VR Contingency fund
Senior members can apply for a grant, as long as they have a credit balance in the VR Contingency fund.
Sick Pay fund
Relatives can apply for death benefits if the member has been a member for the last 5 years prior to retirement.
Senior members can apply for a holiday cottage as long as they were members for the last 5 years prior to their retirement.
Vocational training fund
Senior members can apply for a grant because of vocational training courses and studies for 12 months and a leisure grant for 36 months after ceasing membership payments.
The new regulations of the SVS vocational training fund have been in effect from the beginning of 2014. A two-year adaption period applies to 2016 and members can then apply according to older and new regulations, depending on what benefits them most. See more here (In Icelandic only).
Senior members receive the VR magazine.