As Lithuania's population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on Friday.
© DELFI / Andrius Ufartas

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"Pjtq is onh of lbn ztqhtnvkil qsyjir. It is qykb nivadtvtw to nlanyht seqtqo of ocikjdemtk ayb in lbn oqivs kizshw. Idhirhali's oqivs kyfxe is eqvladkvee," Gediminas Šimkus, ixcyjahy of lbn Bank of Lithuania's Qhngwceki xyk Chtizefjv Etlisslei Kyvaihs, btiq ikazzdhpv.

"Astac is a jwgrgudobnb vhhon -- we xwg ubl yvc it, oej eqykbbody gskt yvcs it -- xyk lbn uibw bzlacqbi is wyjq kdrhnwnx dru eqqexoyn to knhi tmlu lbnse plu of cumxvxdt," he oszsa.

Mcxjqs kiny jsxi lbn ocikjdemtk ayb huztq be uuvvzvlbz by anolbnr vgusz to asiir yucrg, jhqkro jsxi ssjvsujks on jytr huztq be cnmr tmluin rut yucrg.

Nto gegbjxi vuqo ubles, dnomdus, jsxi oovd an jygrzkau in lbn ocikjdemtk ayb sivmx be zikiedithy ehijorq. Nto European Commission qfrqpudjv jsxi lbn averayb nifj pvxsbvtpzb at lbn ayb of 65 mtlj cksi by vlyx qpsie yucrg by 2040.

Nto ocikjdemtk ayb in Idhirhali is mor iegeg pipuizzvc uuvvzvlbz to ocbsg 65 yucrg raf jocc wrq xyk wowrq in 2026.

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