Lithuania's government has suggested terminating payments from the state-run social insurer Sodra to second-pillar pension funds. Employees who want to continue the payments will be able to pay 4 percent of their salaries, with the state adding another 2 percent of the average monthly salary.
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Around 150 people staged a rally outside the Presidential Palace in Vilnius on Thursday to demand higher pensions.
Pensioners will rally in Vilnius on Thursday to demand higher pensions and to call on the government to stop transfers from the state social insurance fund Sodra to private pension funds.
Participation in the 2nd pillar of the pension scheme should be further encouraged, says Lithuania's Finance Minister Vilius Šapoka, citing payments made by employees and employers and the possibility redeem part of the income tax.
The Investors' Forum, an association of foreign investors in Lithuania, has put forward 100 proposals to the government on how to improve the business environment in the country.
The Lithuanian National Security Commission, headed by the prime minister, on Wednesday decided to set up a closed communication network for the key state institutions.
Surplus 2018 budget drafts of the Lithuanian state and the state-run social insurer SoDra have been registered at the Lithuanian parliament along with the balanced budget of the mandatory health insurance fund, with the bills to be presented to parliamentarians on Thursday.