SEB Pensija life-cycle pension funds
The fund is chosen according to your year of birth and does not need to be changed until retirement. Life-cycle pension funds are unique in that their investment strategy changes as you approach retirement age, i.e. the share of risky investments is gradually reduced so that you can accumulate as much supplementary pension as possible without taking inappropriate risks and without having to change the fund over the entire accumulation period.
The service is provided by UAB SEB Investicijų Valdymas. The pension fund distributors are AB SEB Bankas and the Lithuanian branch of SEB Life and Pension Baltic SE.
SEB Pensija life-cycle pension funds are among TOP 3 according to return results from the start of activity.
Data source: Lietuvos bankas,
31 03 2022.
The accumulation contribution is made up of two parts: if you choose maximum accumulation, the contribution will consist of 3% of your pre-tax salary and an incentive contribution from the state budget in the amount of 1.5% of the national average wage; if you choose gradual accumulation, the contribution this year will consist of 2.7% of your pre-tax salary and an incentive contribution in the amount of 1.2% of the national average wage (with the contributions gradually increasing every year until they reach 3% + 1.5% in 2023).
You do not need to worry about transferring contributions – they are administered by Sodra. Contributions are only paid for the periods during which you receive taxable income.
The funds are accumulated in a personal pension account and invested in accordance with the pension fund's strategy. You can use them once you reach retirement age, or they can be inherited.
Pillar 2 pension benefits
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.