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The Lithuanian state social insurance fund Sodra's draft budget for 2020 targets a surplus of 326.17 million euros, with revenue projected at 4.841 billion euros and expenditure at 4.515 billion euros.

After start of the reform of pension accumulation at the beginning of January, a number of employees calculating their personal financial losses and regretting their decision is approaching to 100. According to the Lithuanian Association of Investment and Pension Funds (LIPFA), that number of partic...

With public discontent arising over delayed pensions, Minister of Social Security and Labour Linas Kukuraitis states that the contracts with the pension delivery companies will have to be terminated if pensions are not delivered to retirees by January 26, a press release from the ministry states acc...

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business Centre announced a series of dedicated workshops slated to begin taking place later this month. The Welcome to Vilnius workshops are designed to facilitate the transition of foreigners coming to the cit...

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 thos...

In order to resolve the country’s problems with teachers’ wage payments and to find resources for this, audit is to be initiated in the Ministry of Education and Science, as well as 17 of its subordinate regulatory institutions. The audit was initiated by Minister of Transport and Communications Rok...

If you think that it is politicians that rule us, you are mistaken. They do not rule, instead they have been bickering for two years, if not over fur coats, then over the budget. And neither the fur coats, nor the budget is theirs. The fur coats belong to Greta, the budget – to Vilius [Šapoka]. As f...

Changes in the Lithuanian office of the UK-based Barclays bank. The company has declared that it is transferring its activities to HCL Technologies, to which it will be transferring around half of its staff.

Lithuania's parliament will decide whether the state should write down around 100 million euros in compulsory health insurance contributions unpaid by emigrants. If lawmakers back such a proposal, these contributions will no longer be calculated for and recovered from people who left Lithuania.

Public trust in the media is growing in Lithuania amid Prime Minister Saulius Skvernelis' excuses on why a recording of a government meeting was deleted and the ruling parties' wish to overhaul the public broadcaster.

The Lithuanian state social insurance fund Sodra's draft budget for 2019 targets a revenue surplus of 396.959 million euros, up by 167.942 million euros, or 73.3 percent, compared with the estimate for 2018.

Lithuanian President Dalia Grybauskaitė on Monday called on lawmakers to stop looking back and not to waste their time on squabbling as she congratulated the Seimas on the start of its new fall session.

Lithuanian President Dalia Grybauskaitė on Wednesday signed 26 amendments paving the way for the implementation of the pension accumulation reform, endorsed by the Seimas, as of the start of the next year.

The Seimas of Lithuania on Thursday gave its final backing to a proposed pension reform, with 76 votes in favor of the amendments to the Law on The Accumulation of Pensions, five against and 8 abstentions.

The Seimas of Lithuania on Tuesday backed a proposed pension reform, with 66 votes in favor of the amendments to the Law on The Accumulation of Pensions, 18 against and 17 abstentions.

The Lithuanian parliament on Friday took another step toward adopting a part of the government's proposed tax reform package, including setting a ceiling on social insurance contributions, shifting a part of these contributions onto the employee and taxing it at 19.5 percent, and using only central ...

The Lithuanian parliament's Committee on Social Affairs and Labor on Wednesday approved of a ceiling on employees' contributions to the state social insurance fund Sodra, back-pedaling on a decision to oppose the measure it took last week.

The majority leaders in the Lithuanian parliament are changing their proposed plans for the personal income tax, social insurance contribution rates and non-taxable income rates.

Lithuanian Prime Minister Saulius Skvernelis admits that some of the government's proposed tax and pension system improvements are making slow progress through the Seimas, but hopes to reach a compromise and carry through the planned changes.

Lithuanian economists and trade union officials say that the government's planned tax and pension system reform unveiled on Monday will lead to a rise in wages, but will not help to drastically curb emigration.