Economic situation in Lithuania allows paying 13th pension – bill’s initiators

  • 2020-10-05
  • BNS/TBT Staff

VILNIUS – The initiators of the idea to enact into law the so-called 13th pension of 200 euros, which the Lithuanian Seimas started debating last week, claim that the current economic situation allows taking such measure.

“The economic situation allows helping those who need that help the most, those who worked throughout their life and paid taxes,” Vanda Kravcionok of the Electoral Action of Poles in Lithuania – Christian Families Alliance said at a news conference at the Seimas on Monday.

The incumbent Lithuanian parliament started debating the respective amendments last week and would continue its discussions on November 10.

The authors of the bill estimate that the authorities would need 120–180 million euros for the payment of the 13th pension, which might be raised through a tax on bank assets.

Prime Minister Saulius Skvernelis and Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Unions, both favor the idea of the 13th pension.

The authors of the bill have proposed to pay the 13th pension each year, starting from December 2021. It would be disbursed to approximately 600,000 people.