Recovering and bouncing back with a different scheme

Recovering and bouncing back with a different scheme


 

In the 22 years since gaining independence from the Soviet Union, Lithuania has embraced a modern pension system that incorporates three pillars, in keeping with the current Baltic region way. Although the emphasis on voluntary rather than mandatory schemes wavers from their neighbours’ developments. 

At the base of the pension system is  state social pension insurance, that equates to half of the total pension contributions, and is allocated through the social ...


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