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.
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. […]
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. […]
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. […]
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