This information is for employees of municipalities, Hjallastefna, and non-profit organizations that include a Member Fund provision in their collective agreements, except for those contributing to the Science Fund.
Members do not need to apply separately for allocations. Instead, they should enter their bank account number on the Katla pages. Payments from the fund are made on February 1st each year. It's important to note that temporary employees also receive payments from the fund on February 1st, so registering an account number is essential.
The grant amount is based on deposits to the Katla Member Fund from January 1st to December 31st of the previous year. Employers contribute 2.2 percent of the total salary to the fund.
Katla is a fund for BSRB member associations that have collective agreements with the Association of Icelandic Local Authorities.
