Changing the Financing of the Lithuanian Pensions System

Medaiskis, Teodoras

doi:10.1111/1468-246x.00095

Cited by 4 publications

(1 citation statement)

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“…The pension reform that the Baltic States have been undertaking is described in outline in a number of studies (Casey, 2004;Medaiskis, 2001;Muller, 2002;Poskute, 2003), documents and reports (MLSSL, 2001;MSAE, 2002a;2004b;MWL, 2000;Paas et al, 2004: 32-9). Here we present only the main features of the reform, in order to proceed further with the discussion.…”

Section: Old-age Pensionsmentioning

confidence: 99%

The formation of social insurance institutions of the Baltic States in the post-socialist era

Aidukaitė¹

2006

Journal of European Social Policy

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This paper provides an overview of the differences that have emerged in the social insurance systems of the three Baltic countries since they regained their independence. It assesses how closely the institutional structures of social insurance in Estonia, Latvia and Lithuania approximate to various ideal types of social security institutions to be found in the research literature. The findings indicate that, in general terms, the social security system of Estonia and Latvia can be labelled as a mix of the basic security and corporatist model, even if there are also some weak elements of the targeted model. In contrast, it appears that the institutional changes developing in the social security system of Lithuania have led to a combination of the basic security and targeted models of welfare. Even if they started with identical social security institutions inherited from the Soviet period, there is not only similarity, but also diversity in how these countries are now addressing problems in the social policy field.

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Section: Old-age Pensionsmentioning

confidence: 99%

The formation of social insurance institutions of the Baltic States in the post-socialist era

Aidukaitė¹

2006

Journal of European Social Policy

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From universal system of social policy to particularistic? The case of the Baltic States

Aidukaitė

2003

Communist and Post-Communist Studies

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This paper compares the system of social maintenance and insurance in the Soviet Union, which was in force in the three Baltic countries before their independence, with the currently existing social security systems. The aim of the paper is to highlight the forces that have influenced social policy transformation from its former highly universal, however authoritarian form, to the less universal, social insurance-based systems of present day Lithuania, Latvia and Estonia. It will be demonstrated that the welfare–economy nexus is not the only important factor in the development of social programs. Rather, social policy should be studied as if embedded in the political, historical and cultural aspects of a given society. The people’s attitude towards distributive justice will be highlighted as being one of the most important factors for either social policy shortcomings or expansion. This paper takes steps to combine quantitative and qualitative data.

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Pensions at the Time of Recession. The Case of Lithuania

Medaiskis¹

2011

Zeitschrift Für Sozialreform

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In 2009, Lithuania suffered very deep recession. The fall in GDP by 15 %, high unemployment, and decreased population earnings all affected the pensions system. Before the recession struck, social insurance expenditures had increased considerably and the reserve fund had been exhausted. The recession resulted in the decreased income of the social insurance system and state. While in 2009, the government attempted to maintain the level of pensions, by 2010, it was forced to cut benefits. This shocking decision raised awareness about some theoretical problems concerning the nature of pensions. Is the social insurance payg pension the property of the retiree, or it is only a part of the working generation income shared via the social insurance system with the retired generation? How should the protection against poverty and income replacement components be combined in the pension system and how should they be financed? How should the payg and funded components be united and what are the roles of the private sector and the government? In this article, Lithuania’s attempts to cope with the recession’s consequences and to respond to these newly posed questions are presented.

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Changing the Financing of the Lithuanian Pensions System

Cited by 4 publications

References 0 publications

The formation of social insurance institutions of the Baltic States in the post-socialist era

The formation of social insurance institutions of the Baltic States in the post-socialist era

From universal system of social policy to particularistic? The case of the Baltic States

Pensions at the Time of Recession. The Case of Lithuania

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