Iceland: The parental revolution
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The almost five years old legislation or act on Maternity/Paternity and Parental leave in Iceland has been a great success.
The law now allows three months leave for the father, three months for the mother and three months for either mother or father.
Furthermore, parents have eighteen months to make use of the leave.
The Maternity/Paternity Fund handles all the payments, and parents on leave get 80 % of their wages, or up to 7.700 EURO monthly.
From January to June this year, 1707 men and 1858 women have received payment from the Fund.
Since January 1st the Fund has a cap of 7.700 EURO a month. In this period, 61 men received as much as that, which means that their normal wages were at least 9.600 EURO monthly.
Only 15 women were in that category. Earlier, people got 80 % of their wages no matter how much. It came as a surprise how almost all fathers took paternity leave, right from the start, and the Fund almost went bankrupt.