Pension accumulation reform presented to the Seimas

Minister of Social Security and Labour Inga Ruginienė will present the second pillar pension accumulation system to the Seimas on Tuesday...

The Seimas is embarking on a reform of the second pension pillar. The government is preparing to open a two-year window for those who want to withdraw from it and will allow them to withdraw part of their accumulated money. Only those who no longer have the sense to save due to a serious illness or disability, as well as those who have reached retirement age and have accumulated up to 15 thousand euros, will be able to withdraw all the money.

Many savers are unaware that they have the option to save through PEPP

Yesterday the Executive published the Single Regulatory Decree, one of the documents that were expected for the regulation of the system

As Minister of Social Security and Labor Inga Ruginienė intends to present the reform of the second-tier pension accumulation system in the Seimas on Tuesday, Social Democrat Algirdas Sysas, chairman of the Seimas Budget and Finance Committee (BFK), says that residents should be allowed to withdraw from accumulation at any time, without providing a separate "window", as well as to waive the state contribution.