age of retirement

Today, the most worrisome problem is the pandemic and its management. The second problem is the effects of the pandemic on the economy and people. Other issues that seemed fundamental until recently, have been moved to the bottom of the agenda. But they did not disappear. One of those problems is population ageing. It continues, as it did before the pandemic, in Lithuania and all the Western world.

(...) there is an interaction between the labour market institutions, there is a need to introduce wide-ranging reforms whose effects will be sustainable and visible for a long period of time.

A major pension reform was approved in a fast track procedure. The expense of this fast track procedure was not only the violation of legislative rules by the new parliament and government, but also lack of understanding of the long-term impact of this reform.