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The Seimas will vote on Tuesday if it approves a new order more favorable to the population and enshrines it in the Social Security Pension Law.
If the Seimas approves it, instead of reducing anticipated pensions by 0.4 percent. each month for the rest of the retirement age, they would decrease by 0.32%. A lower percentage would apply to both early retirement and old-age pensions.
The modifications would come into force from 2021.
The proposed changes would reduce it by an average of 9.6% for the average person receiving a 30-month early retirement pension. instead of the current 12 percent. reduction. The person who has chosen to receive this pension during the entire payment period would be subject to 19.2%. reduction instead of the current 24%.
The state budget will require more than 5 million. 5.3 million euros per year. in 2021 to 5.9 million. euros in 2023.
In Lithuania, it is now possible to receive an early pension if there are five years left until retirement, the person has accumulated the required time of service and has no other income.
Early retirement pensions are paid, which now average € 280
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