“We propose to increase the basic pension by 10 euros, from 120 euros to 130 euros. Starting October, this will affect all pensioners except for widows and widowers — around 840,000 people in total,” Social Security and Labor Minister Linas Kukuraitis told members of the Cabinet.
“Pensions for those with minimum qualifying period will rise by 13 euros on average,” he added.
The increase will cost the state social insurance budget 31 euros this year and another 124 million euros next year.
The average old-age pension in Lithuania has risen by around 20 euros since the start of the year to some 288 euros. The average pension will likely increase to 330 euros next January due to indexation, which will require around 300 million euros in budget money.
On March 31 morning, Minister of National Defence Dovilė Šakalienė announced that an M88 armoured…
I admit it: I’m not that type of person who follows domestic and international politics…
While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…
Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…
"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…
Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…