Economy

Raising social insurance contributions ‘would help increase wages for 260,000 employees’

Minimal social insurance contributions should be paid as a percentage of the minimum wage even by employees who make less than that, says Mindaugas Sinkevičius, director of Lithuania’s Social Insurance Fund (Sodra). This would disincentivize employers to pay part of their employee’s wages illegally. […]

Economy

Lithuania plans to raise retirement age

The Lithuanian Parliament has begun considering legislative amendments that would peg retirement to average life expectancy. It has been proposed that two years after the average projected life expectancy of people aged 65 years grows by six months, the retirement age would be raised by six months as well. […]

No Picture
Politics

Lithuanian parliament passes next year’s social insurance budget

The Lithuanian parliament on Tuesday adopted the 2015 budget for the state social insurance fund, Sodra, that provides for bringing sickness and unemployment benefits back to the pre-crisis level from January and raising pensions from July. […]