Child's pension due to death of parent
15.1. Upon the death of a fund member, who has paid contributions for at least 24 of the past 36 months or for 6 of the past 12 months, received a retirement or disability pension, or acquired the right to projection under Art. 13.5, any natural or adopted children surviving them are entitled to a pension from the fund up to the age of 20 years as provided for in Art. 15.3.

Child's pensions due to disability
15.2. If a fund member, who has paid contributions to the fund for at least 24 months in the last 36 months, or satisfies the conditions of Art. 13.5.a and Art. 13.5.b, has received a ruling on a disability pension from the fund due to 100% disability, they are entitled to a child's pension for their natural and adopted children born or adopted prior to the loss of ability, together with natural children born during the following 12 months thereafter. If the disability pursuant to Article 13 is estimated to be less than 100%, the child’s pension from the fund shall be proportionally lower. A child's pension paid due to a fund member’s disability, does not expire even though the member reaches the age of retirement pension.

Amount of child’s pension
15.3. The full child’s pension is ISK 22,117 per child for each calendar month. The amount changes each month to reflect changes in the CPI used for inflation indexation, with the base index 513.0 points in January 2022. 

Entitlement of foster children and stepchildren
15.4. Foster children and stepchildren, supported by the fund member mostly or wholly, shall be entitled to a child's pension, provided that the fund member has not begun drawing a retirement pension. The fund’s pension payments for such children shall be the same as they would be in the case of natural or 
adopted children.

Child’s pension recipient
15.5. A child’s pension is paid to the child due to the death of a fund member and to the person supporting them due to the disability of a fund member.