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Thursday, 03.09.2015, 20:11
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.
Keyword tags: Analytics, Economics, Financial Services, Legislation, Lithuania, Pensioners
There are slightly more than 300,000 old-age pensioners in Estonia, and one fifth of them work after reaching the pension age, writes LETA/National Broadcasting.
In the first seven months of 2015 year-on-year, the deficit of the State Social Insurance Fund (Sodra) budget in Lithuania was by around 30% lower, reports LETA/ELTA.
Over 100 Latvian senior citizens have gathered for a demonstration today outside the Saeima building in Riga, reports LETA.
About 70,000 senior citizens have signed a petition calling for higher indexation of pensions already this fall, as Andris Silins, head of the Latvian Pensioners' Federation, told LETA.
Prime Minister of Lithuania Algirdas Butkevicius says that pensions in 2016 will grow taking into account financial capabilities, but without increasing the State Social Insurance Fund's (SoDra) deficit, which tin the first half of 2015 amounted to EUR 152.8 million, reports LETA/ELTA.
From July 2016, old-age pensions in Lithuania will be increased by 6% on average, reports LETA/ELTA.