The Constitution and the Use of Pension Funds
This article discusses the constitutional limitations on requiring Icelandic pension funds to utilize the money deposited in them in a certain manner. The constitutionality of different kinds of state intervention on pension fund spending (permitting vs. requiring the pension funds to participate in...
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Stjórnsýslustofnun
2013
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Online Access: | https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10 |
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fticelandunivojs:oai:ojs.pkp.sfu.ca:article/919 2023-08-20T04:07:33+02:00 The Constitution and the Use of Pension Funds Stjórnskipunin og meðferð á fé lífeyrissjóða Helgadóttir, Ragnhildur 2013-06-15 application/pdf https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10 isl ice Stjórnsýslustofnun https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10/pdf_65 https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10 Icelandic Review of Politics & Administration; Vol. 9 No. 1 (2013); 191-210 Stjórnmál og stjórnsýsla; Bnd. 9 Nr. 1 (2013); 191-210 1670-679X 1670-6803 Constitution of Iceland pension funds property rights social rights Stjórnarskrá lífeyrissjóðir eignarréttur réttur til lágmarksframfærslu info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article 2013 fticelandunivojs 2023-08-01T12:28:45Z This article discusses the constitutional limitations on requiring Icelandic pension funds to utilize the money deposited in them in a certain manner. The constitutionality of different kinds of state intervention on pension fund spending (permitting vs. requiring the pension funds to participate in schemes that either do or do not yield returns for the funds) will be examined. The examination will primarily be based on the Constitution’s article 76 on social rights, article 72 on property rights and unwritten constitutional requirements of legality, proportionality and equality in legislation. It turns out that art. 76 of the Icelandic Constitution carries little weight in this area. However, the protection of property entails that it is constitutionally untenable to either permit or require pension funds to participate in schemes or projects which do not yield a return. The unwritten constitutional principles also lead to the conclusion that some state intervention would be unconstitutional. The conclusion is that the statutory requirement that everyone participate in pension funds leads to considerable constitutional limitations on state intervention in pension fund spending. Í greininni er fjallað um það hvaða takmarkanir stjórnarskrá og meginreglur stjórnskipunarréttarins setja því hversu mikil og hvernig afskipti ríkið geti haft af því hvernig lífeyrissjóðir nota féð sem í þeim er. Fjallað er um hvernig mismunandi tegundir afskipta (þ.e.a.s. heimildir og skyldur til að leggja fé í ýmist arðbær eða óarðbær verkefni) af því hvernig lífeyrissjóðir nota féð horfa við gagnvart ákvæðum 76. gr. stjórnarskrár um lágmarksframfærslu og 72. gr. hennar um eignarrétt auk skilyrða um að boð og bönn sé að finna í lögum, hafi samfélagslegan tilgang, séu almenn og gæti jafnræðis og meðalhófs. Í ljós kemur að 76. gr. hefur lítil áhrif vægi í þessu sambandi en vernd eignarréttarins leiðir til þess að tæpast er hægt að heimila lífeyrissjóðum né skylda þá til að taka þátt í verkefnum sem ekki eru arðbær. Þá leiða aðrar ... Article in Journal/Newspaper Iceland University of Iceland: Peer Reviewed Journals |
institution |
Open Polar |
collection |
University of Iceland: Peer Reviewed Journals |
op_collection_id |
fticelandunivojs |
language |
Icelandic |
topic |
Constitution of Iceland pension funds property rights social rights Stjórnarskrá lífeyrissjóðir eignarréttur réttur til lágmarksframfærslu |
spellingShingle |
Constitution of Iceland pension funds property rights social rights Stjórnarskrá lífeyrissjóðir eignarréttur réttur til lágmarksframfærslu Helgadóttir, Ragnhildur The Constitution and the Use of Pension Funds |
topic_facet |
Constitution of Iceland pension funds property rights social rights Stjórnarskrá lífeyrissjóðir eignarréttur réttur til lágmarksframfærslu |
description |
This article discusses the constitutional limitations on requiring Icelandic pension funds to utilize the money deposited in them in a certain manner. The constitutionality of different kinds of state intervention on pension fund spending (permitting vs. requiring the pension funds to participate in schemes that either do or do not yield returns for the funds) will be examined. The examination will primarily be based on the Constitution’s article 76 on social rights, article 72 on property rights and unwritten constitutional requirements of legality, proportionality and equality in legislation. It turns out that art. 76 of the Icelandic Constitution carries little weight in this area. However, the protection of property entails that it is constitutionally untenable to either permit or require pension funds to participate in schemes or projects which do not yield a return. The unwritten constitutional principles also lead to the conclusion that some state intervention would be unconstitutional. The conclusion is that the statutory requirement that everyone participate in pension funds leads to considerable constitutional limitations on state intervention in pension fund spending. Í greininni er fjallað um það hvaða takmarkanir stjórnarskrá og meginreglur stjórnskipunarréttarins setja því hversu mikil og hvernig afskipti ríkið geti haft af því hvernig lífeyrissjóðir nota féð sem í þeim er. Fjallað er um hvernig mismunandi tegundir afskipta (þ.e.a.s. heimildir og skyldur til að leggja fé í ýmist arðbær eða óarðbær verkefni) af því hvernig lífeyrissjóðir nota féð horfa við gagnvart ákvæðum 76. gr. stjórnarskrár um lágmarksframfærslu og 72. gr. hennar um eignarrétt auk skilyrða um að boð og bönn sé að finna í lögum, hafi samfélagslegan tilgang, séu almenn og gæti jafnræðis og meðalhófs. Í ljós kemur að 76. gr. hefur lítil áhrif vægi í þessu sambandi en vernd eignarréttarins leiðir til þess að tæpast er hægt að heimila lífeyrissjóðum né skylda þá til að taka þátt í verkefnum sem ekki eru arðbær. Þá leiða aðrar ... |
format |
Article in Journal/Newspaper |
author |
Helgadóttir, Ragnhildur |
author_facet |
Helgadóttir, Ragnhildur |
author_sort |
Helgadóttir, Ragnhildur |
title |
The Constitution and the Use of Pension Funds |
title_short |
The Constitution and the Use of Pension Funds |
title_full |
The Constitution and the Use of Pension Funds |
title_fullStr |
The Constitution and the Use of Pension Funds |
title_full_unstemmed |
The Constitution and the Use of Pension Funds |
title_sort |
constitution and the use of pension funds |
publisher |
Stjórnsýslustofnun |
publishDate |
2013 |
url |
https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Icelandic Review of Politics & Administration; Vol. 9 No. 1 (2013); 191-210 Stjórnmál og stjórnsýsla; Bnd. 9 Nr. 1 (2013); 191-210 1670-679X 1670-6803 |
op_relation |
https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10/pdf_65 https://ojs.hi.is/index.php/irpa/article/view/a.2013.9.1.10 |
_version_ |
1774719248306798592 |