The Social Protection and Labour Ministry (SPLM) intends to integrate proposed measures into the official program of measures for the third quarter of the current year. These plans address key economic indicators, particularly concerning the ratio between average retirement pensions and net wages. Currently, the forecast for this ratio stands at 47.4%.
According to the project documentation, a primary objective is to elevate the average retirement pension to a level where it represents at least 50% of the national net average wage. This target reflects a significant policy goal for the coming year. The current estimate for the VDU within Lithuania for this year is set at 2.3 thousand euros.
The SPLM has also stated that the average retirement pension, factoring in necessary leave allowances, is projected to reach 51.1% this year. This proposed benchmark aligns with previous policy discussions, noting that the administration under Inga Ruginiene had also targeted a 50% pension replacement rate. Beyond the economic metrics, the Ministry’s considerations also touch upon the welfare of older workers.
Reports indicate that older employees sometimes face issues such as harassment and verbal mistreatment in their daily working lives. These proposed adjustments aim to stabilize the financial framework supporting retirees. The inclusion of these measures within the official government program underscores the administration’s focus on improving the long-term financial security related to the pension system throughout the year.
Topics: #pension #year #government
