Lithuania: social benefits raises on 1st of July 2007

Publication

4 July 2007 à 13h23

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1 minute

Publication: 4 July 2007 à 13h23

Reading time: 1 minute

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Minimum monthly wage has been raised by 16.7 % from 600 to 700 litas (from 174 to 203 euros), minimum hourly pay went up from 3.66 to 4.19 litas (from 1.06 to 1.21 euros). This will affect about 15 % of all employed people in Lithuania who earn minimum wage.
Publication

4 July 2007 à 13h23

Reading time

1 minute

Publication: 4 July 2007 à 13h23

Reading time: 1 minute

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o 700 litas (from 174 to 203 euros), minimum hourly pay went up from 3.66 to 4.19 litas (from 1.06 to 1.21 euros). This will affect about 15 % of all employed people in Lithuania who earn minimum wage.

Starting from July, retirement pensions become more dependent on persons length of service (see our story n°070116). Pensioners who have more than 30 years work experience will get, for each additional year at work, 3 % more of a size of basic pension. Basic pension in Lithuania now constitutes

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