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Pensioners could realize holiday cheer

Nov 25, 1999

VILNIUS (BNS) - Lithuania's state-run compulsory social insurance fund, Sodra, hopes to complete payment of pensions due this year by Dec. 24, Social Welfare and Labour Minister Irena Degutiene said. Sodra pays out 365 million litas ($91.25 million) in pensions monthly. To pay off pensions by Christmas, the cash-strapped fund will need to borrow some 50 million-60 million litas, she said.Degutiene was speaking after a meeting with Prime Minister Andrius Kubilius, attended also by Finance Ministr ...

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