Three Levels of Pension System

Since July 2001 there is a three tier pension system in Latvia, it includes the 1st tier (state compulsory unfunded pension scheme), the 2nd tier (state funded pension scheme) and the 3rd tier (private voluntary pension scheme)
Publicēšanas datums: [15.02.2016.]

Insurance record

In order to be entitled to old age pension, the unemployed person has to hold a social insurance record; the duration of the necessary record varies depending on the type of pension. The insurance record may havean influence also on the calculation of the pension amount.
Publicēšanas datums: [30.05.2016.]

Old Age Pension

The following people residing in Latvia are entitled to old age pension
Publicēšanas datums: [01.02.2017.]

Disability Pension

Insured person is entitled to receive disability pension if the person: 1)has not reached the retirement age determined by the law; 2)has been acknowledged to be disabled (except the cases when disability has resulted from job accident or occupational disease after January 1 1997); 3)insurance period is not less than three years; 4)resides in Latvia.
Publicēšanas datums: [18.02.2014.]

Pension in Case of Loss of Supporter

The following persons, if they live in Latvia are entitled to receive survivor’s pension, if the deceased person has been a socially insured person
Publicēšanas datums: [03.04.2017.]

Work Record Related Pensions

Persons employed in certain professions whose further work is related to the loss of professional skills or social danger after working a certain amount of time in the profession, have the right to receive a service pension
Publicēšanas datums: [16.02.2017.]

Indexation of Pensions

On 1 October 2016, the old-age, disability, long service pension and pension in case of loss of a supporter granted (recalculated) by 30 September 2016 and not exceeding 332 euro
Publicēšanas datums: [31.08.2016.]

Payment of pension

Pension can be received at the place of residence or in the bank account or postal account system (PNS).

It must be considered delivery of pension to the place of clients’ residence is at their cost and the price is 1,74 euro.

After year 2002 for persons who are permanently moving to a foreign country, pensions granted in the Republic of Latvia can be continued to be paid to a bank account ...

Publicēšanas datums: [15.02.2016.]

State social security old age allowance

The following persons are entitled to receive the state social security old age allowance (hereinafter referred to as the allowance) – citizens and non-citizens of Latvia, foreigners and stateless persons
Publicēšanas datums: [29.12.2016.]

The extraordinary allowance for the deceased’s spouse

The extraordinary allowance for thet deceased’s spouse is granted if the following conditions are met: • Pension benificiary was legally married at the time of death • Both spouses were retirement, disablement or service pension beneficiaries on the day of death • The allowance has been requested within 12 months from the day of death.
Publicēšanas datums: [17.07.2017.]