Thu, 7 Aug 2003: Pension reform opens opportunities…

The second and third funds would invest 20 and 40 percent, respectively, in corporate stocks, the rest being put in government securities," said Mazdzelius, who emphasized that Hansabankas could n...

Thu, 10 Jul 2003: Pension reform in Lithuania…

Under the law, pension funds can be penalized with fines of up to 100,000 litas (28,986 euros) for violation of the advertising rules. The law on pension reform allows the current pay-as-you-go sy...

Thu, 19 Jun 2003: IMF gives Lithuania pat on back…

The IMF official also criticized the country's authorities for their unwillingness to start real reforms in the healthcare and pension system. "Lithuania has taken only its first steps in this dir...

Thu, 1 May 2003: Baltic pensions need indexation…

Estonian pension reform is on the right track when it is moving toward indexation," he said.The European Commission forecasts that by 2050 each person over 65 in the EU will be supported by two wo...

Thu, 19 Aug 1999: IMF evaluation interpreted…

The IMF executive board concluded that we've done pretty well. They praised our efforts to cut budget deficit, approved of the pension reform, even though it was controversial enough to be put on ...

Thu, 5 Aug 1999: Deficit and pension reform…

Such arguments can be dismissed by the statement that one sometimes has to take severe and unpopular measures to reach economic prosperity which would bring benefits to all. Instead we can look at...

Thu, 22 Jul 1999: Estonia reforms social tax system…

The pension sums are income tax free until they are withdrawn from the fund. The government does not intend to change the present social tax rate to carry out pension reform. At present, the emplo...
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