Almannatryggingalögin kveða á um opinbert tryggingakerfi Íslands sem veitir öllum íbúum grunnþjónustu og bætur. Lögin ná til ellilifeyris, örorkulífeyris, barnabóta, atvinnuleysisbóta og heilbrigðisþjónustu fyrir alla sem búa á Íslandi.
The Social Security Act establishes Iceland's public insurance system that provides basic services and benefits to all residents. The law covers old-age pensions, disability pensions, child benefits, unemployment benefits, and healthcare services for everyone living in Iceland.