An Important Reminder from Sodra: Decide on Pension Accumulation



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“Inclusion in the pension accrual system is an effective means of encouraging people to take an interest and make a decision about their future. However, this is a decision of the people themselves, which took half a year to adopt. As As the deadline approaches, we urge residents not to delay until the last minute and remind them of the decisions that await them, ”says Evaldas Mikutis, Head of Customer Service Management at Sodra.

Sodra aims to provide residents with as much information as possible that can be helpful in making a decision. Detailed information on pension accumulation can be found on the Sodra website or for a consultation by calling the short number 1883. The projected result of the pension accumulation can be found using the projected pension calculator www.sodra.lt/lt / skaiciuokles / prognozojama_pensijos_skaiciuokle.

Residents received reminders on their personal accounts www.sodra.lt/gyventiejus, and information was sent to those who provided an email address. by mail. At the beginning of the year, Sodra also sent registered letters to many of the residents involved in the pension accumulation.

At the beginning of each year, Sodra includes in the pension accumulation system those residents who have never participated in the accumulation before, who are under 40 and who are self-employed or self-employed. Until June 30th. these residents can decide to enter into an agreement with the desired pension accumulation company, do nothing and start accumulating a pension in a company randomly selected by Sodra, or send a request to the account www.sodra.lt/investor not to participate in accumulation.

43 thousand. This year, 1,200 people newly enrolled in the pension accumulation system have already decided to participate in the accumulation and have concluded the contracts themselves. Since the beginning of the year, another 2,600 residents have signed contracts with pension accumulation companies, although they have not been included in the accumulation. During the same period, almost 9,200 people asked to be excluded from the second pillar pension plan.

Residents who have decided not to participate in the pension accumulation this year will again receive invitations to participate in the pension accumulation in the future. Every three years until they are 40 years old, these residents will be included in the accumulation and will be able to decide whether or not to participate in the second pillar pension plan. They can also enter into a contract with the pension company of their choice at any time.

Contributions to pension accumulation funds for people who have been included in the pension accumulation system this year will begin to be calculated from July 1, if the residents have not concluded the contract themselves before.

As of July 1 of this year. After the amendments to the Pension Accumulation Act come into effect, Sodra will pay pension annuities – stable periodic benefits for the rest of her life – to residents who have participated in the accumulation of pensions and have reached retirement age. .

Residents will be able to choose the type of pension annuity: a standard pension annuity, a standard annuity with a guaranteed pay period, and a deferred pension annuity.

In the near future, Sodra will present a pension annuity calculator. Residents will also receive information and advice on the types of pension annuities, the methodology to calculate them, the filing of applications, etc.

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