Bank of Lithuania

2nd pillar pension funds refer to pension accumulation in private pension funds. All persons with income, from which state social insurance contributions are calculated on a mandatory basis to receive pension, and yet to reach retirement age may become fund participants. The contribution to 2nd pillar pension funds consists of two parts: 3% of the participant’s monthly wage and 1.5% of the national average wage from the State Budget.

3rd pillar pension funds refer to supplementary voluntary pension accumulation. Funds are transferred by participants themselves or by their employers.

Financial market participants search

Last update: 31-05-2022