On the same rakes / day

The Ministry of Social Protection and Labor Affairs presented the planned changes to the 2nd level, which includes voluntary (not automatic) accession; the opportunity to receive some savings; the opportunity to choose how much to pay and stop the contributions temporarily, etc. tml. All proposals have yet to be approved by the Seimas, which means that adjustments can occur. As a result, Lithuania is preparing to take a step in the 2nd level reform and decide on a similar scenario, as Estonia did four years ago.

Evija Dundure, Head of the Bank of Latvia Insurance and Pensions Supervision Department, planned the planned changes to the Lithuanian pension system in any aspect, as Estonia has already convinced the bad impact of its decision. « More than 250,000 people removed the money accumulated in Estonia before reaching their pension, or just under 30% of the population who were 2nd at Level 2. In addition, most did so immediately after the reform came into force, » says Citadele banks Economist Karlis Purgailis. Such an opportunity was used by those Estonian residents who had not yet established any savings that had high loans or who were unable to get the loan desired from the bank, according to information from the Bank of Estonia.