ISK definition
Examples of ISK in a sentence
Compensation is calculated as follows: for each disability point from 1–25, ISK 245,386 is paid; for each point from 26–50, ISK 490,773 is paid; for each point from 50–100, ISK 981,546 is paid.
In the year 2019 In the year 2020 In the year 2021 In the year 2022 101,100 ISK 103,100 ISK 106,000 ISK 109,100 ISK • Starting from 1 May 2021, all members will have earned 30 paid vacation days irrespective of age, for full-time work over the holiday year 1 May 2020 – 31 April 2021.
If no agreement is reached on payment for such usage, the standard compensation is ISK 500 per full day.
In the year 2019 In the year 2020 In the year 2021 In the year 2022 50,000 ISK 51,000 ISK 52,000 ISK 53,000 ISK The article providing 12 sick days for children of the age 0-12 is changed so that the right is extended to children of the age 13-16 in cases of serious illness requiring hospitalisation.
The daily benefits for temporary disability are ISK 53,813 per week.
The following increases will apply to the basic monthly wage of full-time employees: On 1 April 2019, wages will increase by 17,000 ISK On 1 April 2020, wages will increase by 24,000 ISK On 1 January 2021, wages will increase by 24,000 ISK On 1 January 2022, wages will increase by 25,000 ISK Base wages will increase by 90,000 ISK in total over the agreement period.
Full compensation for 100% permanent disability is ISK 67,481,263.
The December bonus for each calendar year, based on full-time employment, is: For 2024: ISK 106,000 For 2025: ISK 110,000 For 2026: ISK 114,000 For 2027: ISK 118,000 The bonus must be paid no later than December 15 each year, proportionate to the employment rate, to all employees who have had a temporary or permanent contract with the employer for 12 weeks during the last 12 months or are employed in the first week of December.