Latvia has been a radical reformer of its pension system, after wrestling control away from the Soviet Union to regain its independence in 1991, being one of the first countries to introduce a multi pillar structure in the central European and Baltic region. 

Reforms for the first pillar state pension scheme took place in 1996,  introducing a notional defined contribution system, that gave participants a pension account that would be based on lifetime contributions, i...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now