Since the beginning of the pension accumulation reform, about 660 thousand people have withdrawn from the II pension pillar. Although the pension reform gave residents more freedom to decide whether they want…
This summer, residents’ spending on goods and services grew faster than last year. People did not hold back spending money either in Lithuania or while traveling abroad. Most attention,…
Currently, there is increasing discussion in Lithuania about demographic challenges – declining birth rates, shrinking working-age population, and the fact that in the future one worker will have to support more…
The first wave of second-pillar pension fund payments became an opportunity for some residents to reduce the burden of financial obligations. In April, the number of early loan repayments increased…
As statisticians announce that Lithuania’s gross domestic product (GDP) annual growth in the second quarter reached 3.8%, economists say that this was mostly influenced by…
Some residents who stopped accumulating in the second pension pillar at the beginning of the year and later submitted requests to withdraw may not have taken advantage of some of the benefits that accumulated over…
For residents who have decided to stop pension accumulation, part of the accumulated assets – state and “Sodra” contributions – are converted into pension accounting units. Exactly how many units are acquired,…
As pension fund managers finish paying out the second quarter of this year to those who have withdrawn their accumulated funds from the second pillar of pension savings, the Ministry of Social Security and Labour…