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Thursday, 31.07.2014, 18:31
The global financial services company Allianz unveiled Pension Sustainability Index (PSI), which covers 50 states and places the Estonian pension system on the 11th position; in 2011, Estonia was located on the 13th position in the rankings, LETA/Public Broadcasting reports. Latvian pension system proved to be more sustainable.
Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Financial Services, Funds, Pensioners
Lithuania’s Prime Minister Algirdas Butkevicius introduced to Parliament primary tasks of the Cabinet. He promised that pensions, social benefits and public sector salaries will be increased starting the year 2015, informs LETA/ELTA.
As of end of 2013, nearly 22,000 old-age pensioners in Estonia were entitled to get payments from the second pillar pension funds, but only 16,388 submitted requests to get payments, writes LETA/National Broadcasting.
Reacting to the government's slow progress and its inability to satisfy demands, the Latvian Pensioners Federation has decided to hold a demonstration on September 6, Square of Latvian Riflemen, as the leader of the federation, Andris Silins, told LETA.
The European Commission recommends Lithuanian politicians to introduce pension reforms, according to the Commission, it is necessary to raise the retirement age as after 50 years Lithuania's pension expenditure will be twice higher than the average of the European Union, informs LETA/ELTA, referring to Vakaro zinios.
Fresh European Union data indicates that in 2011, Estonian 65-year-old men and women could expect three years less of healthy life years than the EU average, LETA/Postimees Online reports.
The Estonian government initiated on Thursday amendments to the income tax law, increasing the non-taxable income rate to 154 euros per month and additional non-taxable pension income rate to 220 euros per month; at the same time, the government decided to postpone the enforcement of parent's pension till 2018, LETA/Postimees Online reports.