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“In 2021, the calculation of state incentive contributions will no longer take into account the average salary in 2018, but the average salary in 2019. As it was higher in 2019 than in 2018, the state incentive for pension funds of the second pillar of the population will change accordingly, ”said Aistė Paliukaitė, head of pension product at Luminor Investicijų Valdymas.
The state encourages additional retirement savings through its own contributions. For the maximum accumulation population, whose contribution to the second pillar fund is 3%. salary, the state pays an additional 1.5 percent each month. Average salary for the previous year (VMU).
As a result, the state contribution will increase from 18.02 to 19.6 euros per month.
The contribution of those who chose to accumulate gradually last year amounted to 2.1 percent. his salary, and the state contributed 0.6 percent. 2018 Vytautas Magnus University, or 7.21 euros per month. This year, the state will contribute 0.9 percent. Vytautas Magnus University, therefore, your contribution will reach 11.76 euros.
The accumulators’ own contributions will also increase: they will go from 2.1 to 2.4 percent. their wages.
As every year, at the beginning of 2021, Sodra will include in the accumulation of pensions of the second pillar new residents, who had never before participated in the accumulation of pensions.
Proposals to participate in the accumulation of second pillar pensions in a randomly selected accumulation company will be received by those residents who were not included in the accumulation before and who have a work contract or are self-employed and under 40 years of age on 2 January.
Residents will be notified of the inclusion in the accumulation of second pillar pensions through the personal accounts of Sodra residents and by email, if the resident has indicated this to Sodra. Residents will also be informed later by certified letters. Those residents who do not want to participate in the accumulation of pensions will have to notify Sodra before the beginning of July.
Currently, 1.37 million people are participating in the accumulation of second pillar pensions. population of the country. Last year, Sodra transferred a total of 417 million LTL to pension fund accounts. of which 125 million euros State incentives.
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