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Friday, 26.04.2024, 17:15
Luminor: Average pension in Latvia at 44% of average wage
26.11.2020The average monthly old age pension is Latvia is EUR 365, or 44% of the average wage, Anzelika Dobrovolska, pension product manager at Luminor Bank, said today in a discussion on the Latvian pension system's future, cites LETA.
Keyword tags: Analytics, EU – Baltic States, Financial Services, Latvia, Pensioners, Wages
Estonian FinMin: 2nd pillar reform to be launched as planned
20.10.2020The Supreme Court of Estonia did not find any conflicts with the Constitution in the reform of the second pillar of pensions, and according to the Ministry of Finance, the reform will enter into force according to the previously established plan.
Estonia's top court turns down president's request to deem pension reform unconstitutional
20.10.2020The Supreme Court of Estonia has not satisfied a request of the president to declare the reform of the mandatory funded pension unconstitutional, informs LETA/BNS.
Lithuania may raise minimum wage by EUR 35, child benefit by EUR 10 in 2021
14.10.2020The Lithuanian government proposes to raise the minimum wage from 607 euros to 642 euros before tax and increase the monthly child benefit from 60 euros to 70 euros in 2021, reports LETA/BNS.
Risks associated with suspension of pension payments in Estonia
05.10.2020In October 2020, people will be able to decide whether to continue their contributions to the second pension pillar from Dec. 1 of this year until the end of August 2021, but according to SEB, the suspension of contributions involves several risks.
SEB: Risks associated with suspension of pension payments in Estonia
In October, people will be able to decide whether to continue their contributions to the second pension pillar from Dec. 1 of this year until the end of August 2021, but according to SEB, the suspension of contributions involves several risks, LETA/BNS writes.
The average pension in Lithuania could increase to 404 euros
Old-age and disability pensions could rise 7.17% in Lithuania in 2021, based on the pension indexation coefficient calculated under the latest economic development scenario, informs LETA/BNS.
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