Lithuania’s pension system has been facing significant demographic challenges: an upswing in emigration, on the one hand, and a decline in birth rates and population aging, on the other. Projections from state and international institutions are merciless – the number of people working in the country will fall significantly over the next two decades. This means that the ratio of Lithuania’s working-age population to the retirement-age population will change considerably. Therefore, the domestic pension system will be faced with a twofold challenge – ensuring an adequate income for the retirees and remaining financially sustainable in the future.
By organising this conference, the Bank of Lithuania seeks to gather policy makers and academics to discuss good practices with regard to the most sustainable pension systems.
For any enquiries, please contact us by email at [email protected].
LITHUANIA’S PENSION SYSTEM: HOW TO ENSURE SOCIALLY JUST AND SUSTAINABLE PENSIONS?
17 September 2018
Martynas Mažvydas National Library of Lithuania (Gedimino pr. 51, Vilnius)
Speakers (729.1 KB download icon)
Programme
| 8:30-9:00 | Registration and welcome coffee |
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WELCOME REMARKS (in Lithuanian and English) |
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KEYNOTE SPEECH |
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PART 1
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BEST PRACTICES IN PENSION REFORMS: LESSONS TO BE LEARNED (in Lithuanian and English) |
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Macro-economic consequences of population ageing (30 min) (1013.9 KB download icon) |
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Lithuania’s pension system in the international perspective (1.6 MB download icon) |
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The European perspective to private pensions |
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Panel discussion and Q&A (Moderator – Prof. Edward Palmer)
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PART 2
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THE FUTURE OF THE LITHUANIAN PENSION SYSTEM (in Lithuanian)
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The development of Lithuania’s pension system |
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Evaluation of second pillar pension funds’ supply and investment strategies in the Baltics and Lithuania Teodoras Medaiskis, Professor (Vilnius University) Video |
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Lithuania’s pension system and public finances |
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Where is it better to save for retirement? Gediminas Šimkus, Director of the Economics and Financial Stability Service (Bank of Lithuania) Presentation Video |
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Reality of pensions in Lithuania Mindaugas Sinkevičius, Director of the State Social Insurance Fund Board under the Ministry of Social Security and Labour of the Republic of Lithuania Presentation Video |
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Panel discussion and Q&A (Moderator – Ingrida Šimonytė, Member of the Parliament of the Republic of Lithuania) |
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Closing remarks |
