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An Ex-Ante Assessment of the Proposal to Reform the Second Pillar of the Lithuanian Pension System

Author

Listed:
  • Karolis Bielskis

    (Bank of Lithuania)

  • Federica Brenna

    (Bank of Lithuania)

  • Jose Garcia-Louzao

    (Bank of Lithuania)

  • Stefan Girstmair

    (Bank of Lithuania)

  • Anup Mulay

    (Bank of Lithuania)

Abstract

This document offers an ex-ante assessment of the proposal to allow the withdrawal of funds from the second pillar of the Lithuanian pension system. First, we use a quantitative macroeconomic model to quantify, under alternative scenarios, the potential impact that the withdrawal of Pillar II funds might have on the economy in the medium term. Second, we offer a long-term view of the current pension replacement rates and the consequences that the withdrawal of funds might have for those individuals who decide to opt-out of Pillar II.

Suggested Citation

  • Karolis Bielskis & Federica Brenna & Jose Garcia-Louzao & Stefan Girstmair & Anup Mulay, 2025. "An Ex-Ante Assessment of the Proposal to Reform the Second Pillar of the Lithuanian Pension System," Bank of Lithuania Occasional Paper Series 57, Bank of Lithuania.
    • Handle: RePEc:lie:opaper:57
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