Lithuania -Compensation for pension cuts -May 01, 2014

The government has approved a mechanism for court-mandated compensation for pension cuts made during the crisis, under which payments will be phased over several years starting in the fourth quarter of 2014.

The government has approved a mechanism for court-mandated compensation for pension cuts made during the crisis, under which payments will be phased over several years starting in the fourth quarter of 2014. The Constitutional Court ruled in February 2012 that the government had to compensate pensioners for the pension cuts. The government will use surplus revenue in the state social insurance fund Sodra’s budget as the source of funds for compensation payments.

English: http://www.lithuaniatribune.com/67361/government-okays-mechanism ...  

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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