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Pillar 2 today even more flexible and convenient

Sign a new saving agreement at any time and enjoy all the benefits of Pillar 2.
 

Rejoin II Pillar
More about the reform
 

Smart way to rejoin and save for bigger pension

 
 
 

State ads on average of 402 Eur per year* to your pension savings

 

Pause contributions or, under certain conditions, withdraw part or all of your savings

 

9%** – average annual return of Pillar 2

 

Since 2019, four SEB Pillar 2 funds have generated returns exceeding 135%***

 
 

One of the few savings options without income tax (GPM) on payouts

 

Receive retirement payments from two sources: Sodra and Pillar 2 pension fund

* 1.5% of the national average salary from the year before last is transferred from the state budget.
** Return of currently operating Pillar 2 pension funds since inception (weighted average). Source: Bank of Lithuania , 2026‑03‑31.
*** Based on the return data of Lithuanian Pillar 2 pension funds from their establishment in 2019 until 2026‑06‑30. Source: pension accumulation companies’ websites.

How can I rejoin 

Pillar 2?

Choose according to your year of birth:

Date of birth
2003–2009
Fund information
Date of birth
1996–2002
Fund information
Date of birth
1989–1995
Fund information
Date of birth
1982–1988
Fund information
Date of birth
1975–1981
Fund information
Date of birth
1968–1974
Fund information
Date of birth
1961–1967
Fund information
Date of birth
Until 1961
Fund information

Why should I start or rejoin saving in Pillar 2 today?

  • You feel ready to take responsibility for your future retirement savings, knowing that you can return to the Pillar 2 at any time.
     
  • You want to start receiving the state incentive, which can boost your savings every year.
     
  • Saving in the Pillar 2 gives you two sources of retirement income – payments from Sodra and from the Pillar 2 pension fund.
     
  • Automatic saving – start once and forget it. Consistency helps build more than irregular saving, while the fund takes care of investing for you.
     
  • You can benefit from more flexible saving terms than before, including the option to pause contributions if needed.
     
  • You know that your savings are your personal property and may be inherited.

Frequently Asked Questions

The Pillar 2 pension is an important part of the Lithuanian pension system. Every month, the contribution to your chosen Pillar 2 pension fund consists of two parts: 3% of your gross salary and a 1.5% incentive contribution from the state budget, based on the country's average wage. These contributions are invested in financial markets through your pension fund manager, with the aim of growing them over the long term. The purpose of saving is to provide additional retirement income and help individuals secure their financial well-being in the future.

You can view all your pension information, including your accumulated Pillar 2 pension savings and your age-appropriate fund, in your SEB internet bank.

As you approach retirement age, investment risk decreases. Choosing a fund tailored to your age can significantly impact your pension size over the long term by balancing growth and stability.

 

 
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20+ years until retirement

At the beginning of the savings period, you can take on higher investment risk by choosing funds that invest more in shares.

 
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10+ years until retirement

As you approach retirement age, you can reduce your investment in shares by choosing moderately active funds that also invest in bonds.    
    

 
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<10 years until retirement

Before the retirement age, you can choose a more conservative pension fund that invests more in bonds to better preserve your accumulated capital.

Only licensed fund management companies, such as UAB "SEB investicijų valdymas", are authorized to manage Pillar 2 pension funds. The investment management process is carefully supervised by the Bank of Lithuania.

Pillar 2 pension payouts

When you reach retirement age (or are awarded an early old-age pension), you are entitled to use the funds accumulated in the pension funds. The method of payment will depend on the accumulated amount.

When you reach retirement age, you can choose not to take any action and continue to accumulate in the funds if you are still receiving taxable income or want to leave the funds as an inheritance, or you can apply to the pension company and conclude a pension benefit agreement.

Within the pension annuity limit, you can voluntarily choose a periodic payment or an annuity.

Lump-sum payments are made for accumulations of EUR 16,785 or less (or for accumulations above EUR 83,926).
For accumulations of EUR 16,785 or more, you will acquire a Sodra pension annuity that will provide periodic guaranteed payments for the rest of your life.
Procedure for the payment of pension benefits (LT)

Have questions about Pension 2nd pillar savings? Let us call you!

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