International Internet Magazine. Baltic States news & analytics
Wednesday, 28.01.2015, 20:13
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.
Keyword tags: Baltic States – CIS, Estonia, Financial Services, Legislation, Pensioners
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.
Out of all eurozone countries, residents of Latvia were the least supportive of increasing the retirement age, according to the latest survey conducted by the Eurobarometer, cites LETA.
Statistics Estonia said when presenting its fresh pension system forecast on Monday that the increase in retirement age agreed upon now is too slow, and in 25 years time, the retirement age should be 70 years already, due to the aging population and emigration, LETA/Public Broadcasting reports.
Almost every fourth resident of Latvia (23%) wants to receive a monthly pension in the amount of over EUR 1,000, according to a survey conducted by Citadele, cites LETA.
While Estonian people are showing more interest towards their retirement assets, the general level of awareness is quite low, Public Broadcasting cites a Swedbank survey.