PM pledges to raise pensions, if economy grows

Lithuania’s Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country’s economy grows, adding that this would not depend on political will. […]

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European Commission criticises lack of progress on tax, labour, education reforms in Lithuania

The European Commission has criticised Lithuania’s lack of progress on key recommendations it made for reforming the country’s pension, tax and education systems. […]

A senior citizen in Vilnius

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

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. […]

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Indexing could raise pensions by up to 7%, says Butkevičius

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. […]