Early old-age pensions

Early old-age pension The Law on Early Payment of State Social Insurance Old-Age Pensions No IX-1828 is invalidated from 1 January 2018, and granting and payment of early old-age pensions is established in the Law on Social insurance pensions.

Granting early old-age pensions

Early old-age pensions are granted to persons who meet all the following conditions as of the date of application for the early old-age pension:

 1) not more than 5 years remain before the person reaches the old-age pension age established in Article 15 of the Law on Social Insurance Pensions; and

 2) the person has the obligatory insurance record for the entitlement to an old-age pension as will be effective in the year when the person reaches the old-age retirement age; and  

3) the person is not receiving any other social insurance, state or social assistance pension (except for a social assistance pension paid for home nursing of disabled persons, granted before 1 April 2004, and pension payments under the Law on Accumulation of Pensions and the Law on Accumulation of Professional Pensions), pensions from foreign states (except for an early old-age pension payment or an old-age payment granted according to the Regulations on coordination of social security systems of the European Union or treaties on pension payments concluded by the Republic of Lithuania), regular payments of pension type related to the person‘s work (such as the state pensions for the Signatories, artists pensions or compensation payments to creative workers of theatres and concert institutions (creative workers of professional art institutions), compensations for extraordinary working conditions etc.) paid from the state budget or the State Social Insurance Fund Budget, a periodic compensation for lost capacity for work, a social assistance compensation, unemployment social insurance benefit or pre-pension unemployment benefit; and

 4) the person is not a person covered by social insurance on a mandatory basis under the Law on State Social Insurance, is not a farmer or a farmer‘s partner under the Law on the Farmer’s Farm, and is not receiving income from a labour relationship or a relationship equivalent to the latter by its essence in a foreign state;

 5) the person meets other conditions set for the granting of old-age pension established in the Law on State Social Insurance except for the old-age pension age requirement.

Amounts of early old-age pensions

Early old-age pensions are calculated in the same way as social insurance old-age pensions according to the procedure laid down in the Law on Social Insurance Pensions and are subject to a reduction by 0.32% for each full month remaining until the date when the person reaches the old-age pension age.

For example, a person applies for the early old-age pension when 60 months (5 years) are remaining until the old-age pension age, and the old-age pension calculated for the person is EUR 300. In such a case the early old-age pension would be reduced by 19.2 % (0.32 × 60) and would amount to EUR 242.40. If the person would apply 36 months (3 years) before reaching the old-age pension age, the early old-age pension would be reduced by 11.52 % (0.32 × 36) and would amount to EUR 265.44.

Payment of early old-age pensions

Payment of the awarded early old-age pension is stopped if the beneficiary becomes a person specified in subparagraphs 3 and/or 4 of Article 20(1) of the Law on Social Insurance Pensions, or the person has filed an application for the termination of payments of the early old-age pension.

Old-age pension for recipients who received early old-age pension

When granting an old-age pension to a person who has received an early old-age pension, the calculated amount of the old-age pension shall be reduced by 0.32 per cent for each month of the received early old-age pension. The amount of the old-age pension is not reduced if the person has received the early old-age pension for no more than 3 years and the record of pension insurance was at least 40 years when person applied for the early old-age pension (from 2022 the requirement of record of pension insurance annually is increased by 3 months until it will reach 42 years 6 months in 2031).