Lithuanian president welcomes govt's effort to continue pension indexation

VILNIUS – Lithuanian President Gitanas Nauseda has welcomed the government's effort to continue with the indexation of pensions, his adviser on economic and social policy Irena Segaloviciene says.

In her words, the existing poverty risk rates show pensioners' situation is not improving as much as it should be, therefore, the state needs to focus and step up pension increases for a certain period of time.

"The president views positively the government's readiness to continue on a faster path of pension indexation as of 2022. The meting also touched upon the designed model of faster pension indexation," she told journalists after the president's meeting with the social security and labor minister and pensioners' representatives.

Social Security And Labor Minister Monika Navickiene also said too many people still live under the risk of poverty, therefore, measures are being taken to step up the indexation of pension. In her words, the goal is to ensure that the average pension stands at 534 euros in 2024.