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Foreword
In 1998 LFMI carried out a Freedom House-sponsored project "Promoting a Viable Pension System in Lithuania." Partners to the project were the Jaan Tonisson Institute (Estonia) and Janis Cakste Foundation for Promotion of Democracy (Latvia).
The purpose of the project was to promote pension reform in Lithuania by providing a conceptual framework for converting the fraying public pension scheme into a viable system conducive to economic growth and congruous with fully-funded pension insurance. To accomplish the goals of the project, LFMI undertook a series of research, policy advocacy and dissemination activities. LFMI conducted policy-oriented research on the existing pension system in Lithuania and identified its inherent flaws and deficiencies. LFMI prepared an overview of the current pension system in Lithuania, providing a comprehensive account of pension reforms conducted to date and exploring the need to replace the pension system. LFMI looked at early pensions and pension eligibility criteria, the new pension formula and an increase in the retirement age, and privileged pensions.
LFMI also carried out analysis of conditions and prerequisites for pension reform in Lithuania, explaining demographic pressures on the pension system, the effects of tax evasion, financial, tax-related, political, legal, technical and physiological conditions for pension reform as well as the existing macroeconomic environment.
The results of the project were utilised in LFMI's policy advocacy efforts to promtoe the redesigning of Lithuania's fraying public pension scheme.
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