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Second-Tier Forecast: Half of Savers Will Withdraw Money, Nothing Will Change for Those Who Remain
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The Lithuanian Investment and Pension Funds Association (LIPFA) estimated that in January, as soon as the reform came into force, 300,000 residents submitted applications to withdraw from their second pillar pension savings. Financial experts predict that this number will increase in the future; according to them, about half of those saving will withdraw their second pillar pension, but it will not affect those who continue to save.
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