With January arriving, pensioners will see an increase to their pensions. Some of them will have their pensions delivered not by Lithuanian Post staff, but new pension carriers. Changes also await those enrolled in pension funds. All those enrolled will be making payments from their wage, while those unwilling to participate in the pension accumulation system will have the right to opt out within half a year, lrt.lt writes.
© DELFI / Andrius Ufartas

There are almost 800 thousand individuals in Lithuania, almost every third resident, who receive a pension. All pensions rise more than 7% from January.

Based on Sodra data, some 200 thousand people with the right to do so have pensions delivered to their homes. Almost half of them will see new staff making such deliveries this year. These courriers will have to be able to identify themselves.

Pension accumulation conditions are changing as well. All citizens currently participating in accumulation, as well as those newly enrolled, are granted the opportunity to opt out. However, citizens are encouraged to take care of their future and save for pension. Due to changes in social insurance and new information systems, on Wednesday, there could be disruptions in Sodra's electronic services.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

How blockchain technology will change the world trade?

The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of...

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...

2018 was marked as the best year for Lithuanian cinema market after the restoration of independence

The Lithuanian film centre have summarized the local box office results - in 2018 distribution reached...

The number of foreign startups choosing Lithuania for starting their businesses is growing

Last year, the Startup Visa received 178 applications of foreign companies for participation in the...

Lietuvos Geležinkeliai starts Rail Baltica territory planning (1)

Lietuvos Geležinkeliai [Lithuanian Railways] is initiating the European gauge Rail Baltica...