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Up to 70% of Lithuanians expected to withdraw from private pension funds, Sodra estimates

LRT EnglishLithuania

Up to 70% of Lithuanians expected to withdraw from private pension funds, Sodra estimates

Up to 70% of participants in Lithuania’s so-called second-pillar pension system – retirement savings held in private funds – could withdraw their savings over a two-year period, a representative of the state-run Social Insurance Fund, Sodra, said Wednesday.

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