Iceland's Oddsson waives pension rights

David Oddsson, former prime minister and new governor of the Central Bank of Iceland, has declined to take up a retirement pension for his 13 years as prime minister and one year as foreign minister.

According to the law Oddsson is eligible for a pension worth ISK 300,000 per month for his years as a minister even though he is employed at the central bank, a government institution.

When asked about the pension law Oddsson said that he was not going to take the pension payments while he is the d

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