Home > Salary > Iceland > Pension Administrator
A pension administrator is responsible for managing and overseeing retirement plans for employees. They work closely with employers, employees, and financial institutions to ensure that pension plans are properly administered and compliant with relevant laws and regulations. Their main duties include enrolling employees in pension plans, calculating and verifying pension contributions, processing pension payments, and providing information and guidance to plan participants. Pension administrators also handle administrative tasks such as recordkeeping, preparing reports, and addressing inquiries or concerns from plan participants.
Estimated Yearly Salary: 10,268,927 ISK
Estimated Monthly Salary: 855,744 ISK
Estimated Weekly Salary: 197,479 ISK per week
Estimated Hourly Salary: 4,937 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 824,097 ISK
Estimated Weekly Salary: 190,176 ISK per week
Estimated Hourly Salary: 4,754 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 71,502 USD
Estimated Monthly Salary: 5,959 USD
Estimated Weekly Salary: 1,375 USD per week
Estimated Hourly Salary: 34 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 10,268,927 ISK
Estimated Monthly Salary: 855,744 ISK
Estimated Weekly Salary: 197,479 ISK per week
Estimated Hourly Salary: 4,937 ISK per hour
By working as Pension Administrator a person can save up to 3,230 USD per month or 38,756 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Pension Administrator
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Machine operator (6,167,447 ISK per year, pre-tax.)
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Pension Administrator salary in Iceland
Average Yearly Salary of Pension Administrator in Iceland is approximately 10,268,927 ISK (71,502 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Pension Administrator do?
A pension administrator is responsible for managing and overseeing retirement plans for employees. They work closely with employers, employees, and financial institutions to ensure that pension plans are properly administered and compliant with relevant laws and regulations. Their main duties include enrolling employees in pension plans, calculating and verifying pension contributions, processing pension payments, and providing information and guidance to plan participants. Pension administrators also handle administrative tasks such as recordkeeping, preparing reports, and addressing inquiries or concerns from plan participants.
Skills: Pension administration, Retirement planning, Employee benefits, Financial management, Compliance, Recordkeeping
Job industry: Finance
Job industry: Finance
How much does Pension Administrator make?
Salary details
How much does Pension Administrator make?Estimated Yearly Salary: 10,268,927 ISK
Estimated Monthly Salary: 855,744 ISK
Estimated Weekly Salary: 197,479 ISK per week
Estimated Hourly Salary: 4,937 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 9,889,165 ISKEstimated Monthly Salary: 824,097 ISK
Estimated Weekly Salary: 190,176 ISK per week
Estimated Hourly Salary: 4,754 ISK per hour
Last revision of data: 2024-01-03Pension Administrator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 71,502 USD
Estimated Monthly Salary: 5,959 USD
Estimated Weekly Salary: 1,375 USD per week
Estimated Hourly Salary: 34 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Pension Administrator job salary compared to average salary in Iceland.
Comparison shows that a person working as Pension Administrator in Iceland earns on average:
1.15 times the average salary (or 115% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Pension Administrator job salary compared to average salary in Iceland.
Comparison shows that a person working as Pension Administrator in Iceland earns on average:
1.15 times the average salary (or 115% of average salary).
Is Pension Administrator a well paid job?
Yes, our data show that Pension Administrator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Pension Administrator?
High salary for Pension Administrator would be somewhere between 11,295,820 ISK and 14,889,944 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Pension Administrator in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 10,268,927 ISK
Estimated Monthly Salary: 855,744 ISK
Estimated Weekly Salary: 197,479 ISK per week
Estimated Hourly Salary: 4,937 ISK per hour
By working as Pension Administrator a person can save up to 3,230 USD per month or 38,756 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Pension Administrator
Norway is 100,143 USD
United Kingdom is 47,100 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Machine operator (6,167,447 ISK per year, pre-tax.)
Structural engineer (9,964,091 ISK per year, pre-tax.)
Cabinet designer (5,548,812 ISK per year, pre-tax.)
Senior sales operations manager (15,657,940 ISK per year, pre-tax.)
Regulatory specialist (9,755,288 ISK per year, pre-tax.)
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