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In 2019 I have suspended participation in pension accumulation

If you consent to resumption of transferring pension contributions, then no action is required. In this case you will start paying pension contributions to the pension fund as from 1 July of 2022.

If you do not consent and you want the participation in the pension scheme to remain suspended, you have to inform “Sodra” about this by 30 June of this year:

  • By submitting a request online, for pension accumulation after having logged in to the personal “Sodra” account for the resident.

Upon submitting the request, you will be sent a message on the acceptance of the request.

  • Upon arrival at any “Sodra” division / reception, after having pre-registered online for the consultation or by telephone number 1883 / (+370) 5 250 0883. You must bring with yourself a personal identity document.

IMPORTANT! If you will not notify “Sodra“ in writing by 30 June of 2022 that you continue suspending the participation in the pension scheme, you will be deemed to have agreed to start paying pension contributions to the pension fund as from 1 July of 2022.

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If before suspending the payment of contributions to the pension company you have submitted a request for accumulation of pension contributions also at your own expense (accumulation under the scheme 2+2+2), then, after resumption of transfer of the contributions, your contributions would amount to 3% of your wage. Additional contributions, amounting to 1.5% of the national average wage, would be transferred on your behalf from the State budget.

If you have not been accumulating pension contributions at your expense until 31 December 2018 (accumulation under the scheme 2+0+0), then the accumulation contribution would amount to 2.7% of your wage, and additional contributions, amounting to 1.2% of the national average wage  , would be transferred on your behalf from the State budget. But if you wish, you may resume accumulation, right away, with contributions amounting to 3%. 

 

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).

 

Accumulation with a contribution of 2.7%

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.

 

Accumulation with a contribution of 3%

For example, person earns 1 000 EUR (gross) per month, then the contribution of pension accumulation in 2022 will be 30 EUR (1 000 x 3 percent = 30 EUR). 21,59 EUR more will be transferred from the State budget to the pension fund (1,439,63 x 1,5 percent = 21,59 EUR). In total 51,59 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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Update date: 2021-12-21
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