Over 2016, the number of those receiving pensions went down by 5,900 (0.6 pct), said Statistics Lithuania.
Spending on pensions last year increased by 78 million euros (3 pct) from 2015 to 2.6 billion euros.
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. […]
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 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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