Pensioners

International Internet Magazine. Baltic States news & analytics Monday, 18.06.2018, 20:02

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Lietuvos bankas: increase in retirement age 'inevitable'

Lietuvos bankas: increase in retirement age 'inevitable'

01.06.2018

As Lithuania's population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on June 1st, cites LETA/BNS.

Keyword tags: Analytics, Demography, Financial Services, Lithuania, Pensioners



Latvian president backs year-long allowance for deceased pensioners' surviving spouses

Latvian president backs year-long allowance for deceased pensioners' surviving spouses

02.05.2018

The Saeima-approved legislative amendments according to which surviving spouses of deceased pensioners will be receiving 50 percent of their late spouse's pension for a period of twelve months, have won President Raimonds Vejonis' support and are likely to be promulgated, informs LETA.

Estonian government okays bill tying retirement age to life expectancy from 2027

Estonian government okays bill tying retirement age to life expectancy from 2027

05.04.2018

The Estonian government on Thursday gave its nod to a pension reform bill that would make the pension system more flexible from 2021, change the formula for calculating the size of pension and tie the retirement age to average life expectancy from 2027, informs LETA/BNS.


About accrued-to-date pension entitlements in social insurance in Latvia

About accrued-to-date pension entitlements in social insurance in Latvia

29.03.2018

Central Statistical Bureau (CSB) of Latvia for the first time has collected estimates for accrued-to-date pension entitlements (pension schemes liabilities) in social insurance. This is a new indicator introduced by the 2010 European System of National and Regional Accounts (ESA 2010) which in accordance with the statistical data transmission requirements set by the Regulation (EU) No 549/2013 of the European Parliament and of the Council of May 2013 on the European system of national and regional accounts in the European Union this year is published by all EU Member States on 2015 as a reference year.

Almost 3,000 foreign pensioners enjoy free rides in Riga transport before official retirement age in Latvia

Almost 3,000 foreign pensioners enjoy free rides in Riga transport before official retirement age in Latvia

21.03.2018

In total, 4,916 retired citizens of Russia, Ukraine and Belarus living in Latvia, including 2,997 pensioners who have not yet reached the official retirement age in Latvia, can enjoy free rides in Riga public transport, Rigas Satiksme municipal transport company's spokeswoman Baiba Bartasevica told LETA.


15.03.2018

Estonian government okays 7.6% pension rise

The government endorsed a regulation on Thursday that will raise pensions and the work ability allowance in Estonia by 7.6% on the average from April 1, 2018, reports LETA/BNS.

14.03.2018

Contributions to private pension funds up 8.1% in Latvia in 2017

A total of EUR 77.627 million were paid into Latvia’s private pension funds in 2017, which was an 8.1% increase against 2016, writes LETA, according to the data of the Financial and Capital Market Commission (FCMC).

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