€1.8m set aside for severance pay of outgoing Lithuanian MPs

The severance packages to MPs whose mandates will expire are defined in the Seimas statute, the rule-book of parliamentary procedures.

MPs are entitled to severance pay that equals their average monthly wages times the number of years of their uninterrupted term in parliament. The pay cannot be lower than two or higher than six average monthly salaries. Currently, an MP’s average salary is €2,531 before taxes. However, they receive more, as they are also paid a bonus for years of public service.

Related Post

In the 2008 elections, 67 of Lithuania’s 141 parliamentarians were not re-elected, while the number in 2012 was 63. They received €587,000 in severance pay eight years ago and €840,000 four years ago.

Share

Recent Posts

  • Culture

Lens on Movement: Ukrainian and Lithuanian Photos at Luxembourg’s European Mobility Week

Celebrating the European Mobility Week (16-22 September), the City of Bissen in Luxembourg will present…

3 days ago
  • Economy

Lithuanians will have to open their wallets even wider: goods and services will become more expensive

According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the…

1 week ago
  • Economy

Janulevičius. Lithuania’s economy looks better than Estonia’s or Latvia’s, but we shouldn’t be happy about it

From Q1 2022 onwards, Estonia has been in a prolonged recession. Yes, we also had…

2 weeks ago
  • Tribune

EMBank’s earnings for the first half of 2024 have increased by over 50%

European Merchant Bank (EMBank), a provider of financial solutions to small and medium-sized businesses, has…

2 weeks ago
  • Latest

Resorting to anger when it should be apologising: experts on Gabrielius Landsbergis

As the debate on the Landsbergis' assets continues in the public sphere, political analysts are…

3 weeks ago
  • Economy

Preliminary housing purchase contract – what not to be afraid of and what to check before signing

A preliminary contract is usually signed when buying a new dwelling directly from the developer…

1 month ago