pension

  • Politics

PM Skvernelis says govt to decide on further tax reform this month

Lithuanian Prime Minister Saulius Skvernelis says that the government will decide on a further tax reform by the end of…

7 years ago
  • Economy

1 in 3 Lithuanians get at least 1 type of pension

Some 908,200 persons were paid at least one type of pension in Lithuania at the end of 2016, which is…

8 years ago
  • Economy

Central bank calls for pension system reform as worker-to-retiree ratio falls

Amid a rapid decline in Lithuania's worker-to-retiree pension, the central Bank of Lithuania is sounding the alarm and calling for…

8 years ago
  • Economy

Government has no plans to tax pensions – PM

Lithuanian Prime Minister Saulius Skvernelis says that the government does not plan to tax pensions, although Social Security and Labour…

8 years ago
  • Economy

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…

8 years ago
  • Economy

Government to complete pension system reform by late 2019

The Lithuanian government led by Prime Minister Saulius Skvernelis intends to make the first decisions in connection to restructuring of…

8 years ago
  • Economy

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

Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their…

8 years ago
  • Economy

Trust in their pension system drops in Lithuania – SEB

Lithuania's retirement readiness index has not changed in the past three years. Over the past year, people's behavior has improved…

8 years ago
  • Economy

Planned tax, pension reforms require agreement, Finmin nominee

Economist Vilius Šapoka, candidate for Lithuania's new finance minister, has so far refused to elaborate on the possible pension and…

8 years ago
  • Politics

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…

9 years ago
  • Economy

Making Lithuania’s tax system more like Estonia’s would generate extra €2bn, says economist

If Lithuania made its tax system more transparent, like Estonia's, it could collect about €2.5 billion more to its coffers…

9 years ago
  • Politics

Indexing pensions and labour flexibility should be reform focus, president says

Lithuanian President Dalia Grybauskaitė is somewhat sceptical about the so-called new social model, a package of reforms to the labour…

9 years ago
  • CORPORATE

Discussions on reforms of labour code almost complete

The Parliamentary Committee on Social Affairs and Labour is working out the final details of the social model package that…

9 years ago
  • Economy

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…

9 years ago
  • CORPORATE

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…

9 years ago