Employee Benefits Report

Product Employee Benefits Reports Rev Lithuania

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Lithuania

Report Overview

Comprehensive employee benefits information for Lithuania Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Lithuania provides expert analysis of the Lithuanian benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Lithuania or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Lithuania, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Lithuania, the report outlines the employment benefits requirements for your employees in Lithuania. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of Lithuania, the local political situation, and climate, operational, and security risks.

Lithuania Report Extract

Below is a very brief extract of information from the Lithuania Employee Benefits Report; more updated information may be available in the latest published report.


Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through state social insurance, administered by the State Social Insurance Fund Board (Valstybinio Socialinio Draudimo Fondo Valdyba - SoDra), and private pension funds.

Death in retirement benefits are also provided by state or municipal administration.


Typical Employer Practice

Employers do not typically provide supplementary retirement benefits. 

The report contains more information on retirement benefits including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more

Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities (known locally as severance pay) are provided by employers.

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report

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