The Constitutional Court ruled Thursday that the pension accumulation law restricted the ability to withdraw money from pension funds and thus violated the Constitution.
pension funds
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Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth of their managed assets, into sustainable business. Swedbank Investiciju Valdymas (Swedbank Investment Management) says all of the funds' investments will have to match sustainability criteria in the fu...
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.
Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their pension fund or return to the state-run social insurer Sodra, says Finance Minister Vilius Šapoka.
