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I participate in pension accumulation and I would like to continue

Year

Amount of contribution of pension accumulation in percent (from the participant’s income, from which national social insurance is withheld)

Amount of contribution of pension accumulation in percent paid from the State budget for behalf of the participant (from the mean of domestic average wages)* 

2021

2,4

0,9

2022

2,7

1,2

2023 and later

3

1,5

* The domestic average wages, according to which the contribution transferred from the State budget for behalf of the participant in the pension accumulation system is calculated, will be 1 439,60 EUR in 2022 (mean of average monthly gross wages of domestic employees in four quarters announced by the Lithuanian Department of Statistics).

For example, person earns 1 000 EUR (gross) per month, then the contribution of pension accumulation in 2022 will be 27 EUR (1 000 x 2,7 percent = 27 EUR). 17,28 EUR more will be transferred from the State budget to the pension fund (1,439,63 x 1,2 percent = 17,28 EUR). In total 44,28 EUR would be accumulated per month.

 

Important! For one parent raising a child under 3 years of age and receiving parental benefit or covered by pension social insurance at the expense of the State pension contribution from the funds of the state budget amounting to 1.5% of the average monthly gross earnings of the domestic economy employees of four quarters of the years before the last year that was announced by Lithuanian Department of Statistics shall be transferred to the pension fund. For one parent raising more than one child under 3 years of age the pension contribution is transferred for each child. In order to get this service. An application is required to be submitted to get this service.
 
An application for the transfer of accrued pension contributions paid from the state budget to parents (adoptive parents) raising a child (ren) under 3 years of age (total self-determination of parents (adoptive parents)) may be submitted:
  • Online, by logging into your personal “Sodra“ account of the resident and choosing an application for the transfer of accrued pension contributions paid from the state budget to parents (adoptive parents) raising a child (ren) under 3 years of age (total self-determination of parents (adoptive parents).
  • By arriving to “Sodra“ division. You must bring your identity document with you.
  • By post. A copy of an identity document certified in accordance with the procedure established by laws (for example, by the Notary Public) must be enclosed to an application. An application form can be found here (lithuanian).
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Example: The person declared 1,000 Eur income from which he paid the VSD contributions in 2021. Income in the Register of insured state social insurance and the register of recipients of state social insurance benefits was divided equally for each month (for all 12 months). In this case, the state will pay for pension accumulation for every month.

Example: The person declared 1,000 Eur income in 2021, from which the VSD contributions and income were divided into 3 months. In such case, the state incentive for pension accumulation will be limited to 3 months.

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Update date: 2021-12-21
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