Lithuanian Prime Minister Saulius Skvernelis says that the government will decide on a further tax reform by the end of March and will then put forward its proposals to the ruling coalition partners and the public. […]
Amid a rapid decline in Lithuania’s worker-to-retiree pension, the central Bank of Lithuania is sounding the alarm and calling for the pension system to be reformed and for future pensions to be linked to personal contributions. […]
Lithuanian Prime Minister Saulius Skvernelis says that the government does not plan to tax pensions, although Social Security and Labour Minister Linas Kukuraitis has recently publicly mentioned such a possibility. […]
Lithuania’s Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country’s economy grows, adding that this would not depend on political will. […]
The Lithuanian government led by Prime Minister Saulius Skvernelis intends to make the first decisions in connection to restructuring of the pension system in the nearest future, while implementation of all reforms may take until the end of 2019, according to the measures of the government plan published on Thursday. […]
Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their pension fund or return to the state-run social insurer Sodra, says Finance Minister Vilius Šapoka. […]
Lithuania’s retirement readiness index has not changed in the past three years. Over the past year, people’s behavior has improved in that more of them have started to save, but the level of knowledge about and trust in the pension system has declined, according to a survey commissioned by SEB Bankas. […]
Economist Vilius Šapoka, candidate for Lithuania’s new finance minister, has so far refused to elaborate on the possible pension and tax reform, saying that all changes would need to be analyzed. […]
The European Commission has criticised Lithuania’s lack of progress on key recommendations it made for reforming the country’s pension, tax and education systems. […]
If Lithuania made its tax system more transparent, like Estonia‘s, it could collect about €2.5 billion more to its coffers each year, says economist Raimondas Kuodis, deputy chairman of the Bank of Lithuania. […]
Lithuanian President Dalia Grybauskaitė is somewhat sceptical about the so-called new social model, a package of reforms to the labour code and the country’s welfare system. […]
The Parliamentary Committee on Social Affairs and Labour is working out the final details of the social model package that would liberalise labour laws and reform the Sodra pension scheme, said Kristina Miškinienė, the head of the committee, on Žinių Radijas. […]
Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]
Lithuania pensions could rise by 6% to 7% in the coming year driven by their indexing to wage growth in the economy which is currently running at 5.5%, according to Prime Minister Algirdas Butkevičius. […]
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