pension funds Archives - the Lithuania Tribune

Government suggests stopping insurance payments to pension funds, funds to remain

April 16, 2018 BNS 0

Lithuania’s government has suggested terminating payments from the state-run social insurer Sodra to second-pillar pension funds. Employees who want to continue the payments will be able to pay 4 percent of their salaries, with the state adding another 2 percent of the average monthly salary. […]

Lithuanians advised to make additional contributions, return to Sodra – FinMin

March 2, 2017 BNS EN 0

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. […]

Lithuanian pension funds report losses

April 12, 2016 LT Daily 0

The first quarter of 2016 has been tough for Lithuania’s private pension funds, most of which suffered losses, except for the most conservative ones, LRT reports. Fund managers say it has to do with the […]

Jobs market heating up: we near the breaking point

February 22, 2020 0

Gradually declining throughout years of economic uplift, unemployment levels should remain stable or rise slightly this year, specialists predict. The long term unemployment and employment of older individuals will remain difficult situations, but a part […]

Breaking point: in the face of Brexit, Lithuanians rapidly returning

February 20, 2020 0

After almost half a century of membership, the United Kingdom left the European Union on January 31. In the face of this historic withdrawal, increasingly many Lithuanian citizens, who had emigrated to this country, are […]

German REHAU establishing production unit in Klaipėda

February 19, 2020 0

REHAU, a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is establishing a cutting edge production facility in Klaipėda, Lithuania. The facility, which will be located in Klaipėda Free Economic Zone (FEZ), […]

Liudas Mažylis on the danger of Astravyets: We have only one destiny – to be united

February 19, 2020 0

The opening of the first Astravyets nuclear power plant reactor is scheduled for the beginning of this year. At the same time, a movement against the power plant is being established in Lithuania. On the […]

Ongoing negotiations about European minimum wage: what to expect?

February 17, 2020 0

The European Commission has launched a period of formal consultations on the establishment of a minimum wage in all countries of the European Union. What can be expected from such a measure, how employees and […]

Mačiulis. The decade of records, prosperity and progress

February 14, 2020 0

The second decade of the 21st century, which was also the third decade after the re-establishment of the Republic of Lithuania, was exceptionally high. The 2010s in Lithuania were marked by a rapid rise of […]