International Internet Magazine. Baltic States news & analytics
Wednesday, 25.11.2015, 08:12
The average old-age pension in Estonia was 370.9 euros per month in the third quarter of 2015, Statistics Estonia said on Friday, cites LETA/BNS.
Keyword tags: Estonia, Financial Services, Legislation, Pensioners
A fresh report by the Organization for Economic Cooperation and Development (OECD) shows that the average net output of Estonian pension funds in 2014 was 4.7%, which means that Estonia places 28th among the 34 countries surveyed, but Estonian asset management companies are criticizing the report's methodology, the LETA/Postimees reports.
The global population is getting older — and the world is not ready for it, according to an index by Global AgeWatch.
The Ministry of Social Security and Labour in Lithuania has registered draft resolutions of the Government proposing to raise pensions from 1 January 2016, informs LETA/ELTA.
The Lithuanian Parliament has begun considering legal amendments that would link the retirement age with the growing average life expectancy. It has been proposed that two years after the average projected life expectancy of people aged 65 years grows by six months, the retirement age would be raised by six months as well, informs LETA/ELTA.
Since the end of 2014, the Ministry of Social Security and Labour of Lithuania has distributed to 500,000 pensioners a total of EUR 82.5 million in compensation for reduced pensions, informs LETA/ELTA.
Prime Minister of Lithuania Algirdas Butkevicius says the decision over possible pension raise from January 2016 will be made taking into consideration economic indicators of the fourth quarter of 2015 and tendencies for the next year, informs LETA/ELTA.