International Internet Magazine. Baltic States news & analytics
Thursday, 05.03.2015, 16:32
It seems that Lithuanians care little about their life after retirement – their knowledge about the pension system is poor, expectations are trailing behind reality and actions are sluggish, informs LETA/ELTA.
Keyword tags: Analytics, Financial Services, Lithuania, Pensioners, Society
Latvian residents' preparedness for retirement is the lowest in the Baltic countries, according to a survey carried out by SEB banka and Stockholm School of Economics in Riga, reports LETA.
Payouts to participants of pension funds are increasing every year in Lithuania. Participants of pension funds, or their relatives who inherited the rights to payouts, were paid EUR 14.3 million in 2014, reports LETA/ELTA.
The Estonian government approved at its Thursday meeting of the state pension index value for the year 2015, as the result of which, the average increase of pensions from 1 April 2015 is 6.3%, LETA/Public Broadcasting reports.
The fall of the Russian rouble is cause for concern for more than 3,000 pensioners living in Estonia who are paid pensions from the Russian Federation state budget, since the fall of the rouble means reduction in real income, LETA/Postimees writes.
The Russian government has approved an order according to which veterans of the Great Patriotic War (World War II), who live in the Baltic States, will receive pensions, reports LETA, referring to grani.ru.
Statistics Lithuania informs that an annual publication Elderly People in Lithuania has been released. Lithuania is experiencing population ageing: the number of elderly (aged 65 and older) people and the proportion thereof in the total population annually increases, while the total population decreases. At the beginning of 2014, Lithuania had 2943.5 thousand residents, out of whom 542.7 thousand, or 18.4%, were aged 65 and older.