Wage earners from the European Economic Area
According to the EEA Agreement, pension funds are not authorised to reimburse contributions to nationals of the member states of the EEA Agreement when moving from Iceland. This is based on a mutual agreement between the member states of the EEA on how to apply social security rules to wage earners, self-employed individuals and their next of kin who move between member states since Annex VI to the EEA Agreement stipulates that mandatory insurance of pension rights falls under the social security system.
Foreign nationals who move from Iceland are bound by rules, which apply to the insurance coverage, the same way as Icelandic nationals are. When disbursement can begin according to the terms of the insurance coverage, the foreign national shall turn to his/her national social security institution which acts as an intermediate body for the disbursement of pension rights from Iceland. The relevant institution sends the application to the Social Insurance Administration in Iceland.