The boards of directors of the Akureyri Employees’ Pension Fund (LSA) and the Brú Pension Fund (BRÚ) have approved the merger of the funds based on a letter of intent signed in December 2024 and approved at the fund’s annual meeting last June. LSA will in the coming weeks merge into a new department at Brú, E-deild. The basis of the merger is that the rights and entitlements of LSA fund members will remain unchanged, as will the Town of Akureyri’s guarantee.
Brú Pension Fund is for people who work within municipalities, but there are four other departments for them. The fund’s staff has extensive knowledge of pension issues for municipal employees, and fund members should therefore remain in good hands. In the coming days, fund members and LSA pensioners will be informed in more detail about the merger.
Source