Will not be good for pension accumulation for either one?

« This means nothing, we are just approaching the final decisions, » said I. Ruginienė.

Opposition Conservatives are the last stop where the minister was visiting. Discussion to the end, but there is still a lack of answers.

« If most of them decide to stop, it is the end of the second stage of pension, » said Gintare Skaistė, a member of the Seimas (TS-LKD).

On the other hand, experts were called and experts were evaluated – the Bank of Lithuania, Sodra, pension funds, but they also talk similarly.

« The current proposals make the second stage similar to another savings product than a product for retirement, » said Vaidas Cibas, Director of the Bank of Finance Market Supervision.

« It is chosen to be populist to please people now, because, I admit, it is fun to spend money on old age, now, » said Marijus Kleresinskas, a board member of the GoindEx pension company.

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It seems that the transformation of pension accumulation will not be good for either one. Sodra warns that even who will be accumulated extra will not receive generous pensions.

« Due to the planned changes, we see the biggest problem that annuities are getting more expensive, and the same amount will be available for a smaller annuity, » said Daiva Gerulytė, Head of the Pension Ob announcement Division of Sodra.

« Obviously, the result of the reform will not only be the result of the amount of pensions from the accumulation, but what remains to accumulate, » said G. Skaistė.

Amber Skaistė. Photo by P. Peleckis / BNS

Pension funds estimate: The pension annuity fund may lose 4 billion euros after allowing the second pillar.

Purchasing pension annuities have already declined dramatically after old age.

« We see that 60 percent fewer people come to buy, the question arises – why? Are those people in larger amounts, waiting for the output window to open next year? » – stated the head of the Sodra Pension Anniversary Division.

But also calls the withdrawal of accumulated funds, not freedom, but withdrawal. As pensions will increase for those who will not accumulate any further – not to hear from the minister.

« There is no vision of how to make pensions larger in the future, » said Kleresinskas.

We do not see specific offers that will raise the change rate.

Lithuania does not lead to developed countries. If no additional accumulation, retirees currently receive only half of their former salary.

I. Ruginienė said she needed a new limit. Pensions must be 60 percent of their salary, but decisions are already raised to next year.

« I focus on strengthening the first pillar pension and more investment, because we are unreasonably too investing in it and lagging behind the European Union average, » said I. Ruginienė.

However, the proposals to live today, and after retirement, it seems irresponsible to some. Especially when Lithuanian demography speaks for itself.

« We do not see any specific offers that would raise the change rate, » Cib explained.

« If there are more people with lower pensions, social insurance pensions will somehow need to be raised, it will create a problem, » said Professor Medaiskis, a professor at Vilnius University.

The Minister of Social Security and Labor is also calling for funds. Apparently, now the golden time to persuade people to stay in accumulation.

« The withdrawal will depend on the results of the funds themselves, now the golden time to convince them that they worked so well that the return is high, » said the Minister of Social Security and Labor.

Inga Ruginienė. L. April / Photo by BNS

After submission, the Seimas has already approved the proposal to abandon the automatic involvement of the population, allow withdrawal from the system and withdraw some of the accumulated funds or the full amount. How many such people will be – no longer clear. The minister is already renouncing her predictions.

Asked by the interlocutor, I. Ruginienė, whether her prediction that she would leave up to 20 percent – said little, said, « Here, you know, we predict. Wait, the forecast, like the economic forecast, depends on many circumstances. »

Scientists must also speak for the second stage of pensions until next week. The members of the Seimas will then return to the amendment.