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CORPORATE

Indexing could raise pensions by up to 7%, says Butkevičius

Lithuania pensions could rise by 6% to 7% in the coming year driven by their indexing to wage growth in the economy which is currently running at 5.5%, according to Prime Minister Algirdas Butkevičius. […]

Economy

Lithuania plans to raise retirement age

The Lithuanian Parliament has begun considering legislative amendments that would peg retirement to average life expectancy. It has been proposed that two years after the average projected life expectancy of people aged 65 years grows by six months, the retirement age would be raised by six months as well. […]

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Economy

Lithuania’s labour code overhaul divides opinions

Lithuania is often described as a country where potential investors are put off by a tax system inherited from the Soviet times and inflexible labour code. Still, the new social model, currently in the works and promised to provide more flexible employer-employee relations, have received a fair deal of criticism. […]

Economy

Lithuanians do not plan for retirement, bank analysts warn

It seems that Lithuanians care little about their financial security after retirement – their knowledge about the pension system is poor, expectations are trailing behind reality and actions are sluggish, according to SEB bank. […]