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Published: 20 august 2012 14:26

Pension reform to be priority issue in Parliament's autumn session

Andrius Kubilius
BFL/Tomo Lukšio nuotr. / Andrius Kubilius

Lithuanian Prime Minister Andrius Kubilius says adopting and approving laws related to the pension reform, territorial planning, and centralized management of state property will be priorities of the upcoming Seimas fall session.

The PM stressed that it was important to adopt laws defining further development of the private pension accumulation system and other pension-related issues "as such laws are really important for the entire long-term perspective of Lithuania."

Talking about compensation for reduced pensions, Kubilius did not elaborate as to when people might receive the money but noted that "The Constitutional Court and the government have clearly stated that the compensation itself must not create additional strains on the country's financial system. So we have to look at this very closely and evaluate financial parameters under which we can start compensating - i.e., the deficit, the state debt. So compensation discussions and the mechanism should take into account challenges to the state's financial system," Kubilius said.

He also said he would like the parliament to start discussing heating sector reforms and make some progress in discussing flexibility of industrial relations but did not expect final decisions in these areas.

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