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Friday, 13.12.2013, 09:59
Chair of the political group of the Labour Party in Lithuania Vytautas Gapsys says that the ruling parties must urgently solve two issues: increase in minimum salary and compensation of pensions. Minimum salary should be raised to LTL 1,500 (EUR 434), informs LETA/ELTA.
Keyword tags: Analytics, Financial Services, Legislation, Lithuania, Pensioners, Wages
In order to improve the welfare system in Latvia, Ministry of Welfare is proposing three alternatives to the current system of calculating minimum subsistence level, as well as other changes, for instance, state-guaranteed retirement pension, informs LETA.
During a meeting today, the board of Latvian Federation of Pensioners supported the Welfare Ministry's strategy for indexing pensions in 2014, informs LETA.
Andres Võrk, analyst of political studies centre Praxis, stressed on Tuesday at a discussion over the sustainability of the Estonian pension system, that little attention has been paid to the fact that there will be a lot more inequality among pensioners in the future than there is now, LETA/Public Broadcasting reports.
The average yields of Estonian pension funds for the past five years are the poorest among OECD member states, LETA/Postimees Online reports.
The Estonian State Audit Office said in its fresh annual report published on Monday that the Estonian state pension insurance has been in deficit since 2009 and the trend will continue, LETA/Postimees writes.
Prime Minister of Lithuania Algirdas Butkevicius promises to compensate the cut pensions of Lithuanian residents in 2015, informs LETA/ELTA.