2nd Pillar Pension is composed of a part of your social security tax contributions. These assets are saved on your personal 2nd Pillar Pension account and invested in the financial markets. The increase of the savings amount depends on the length of your participation in the 2nd pillar of the pension scheme, the chosen investment plan and the amount of contributions.
You can find out the amount of your accumulated 2nd Pillar Pension funds on the e-services website www.latvija.lv.
Making the 2nd Pillar Pension savings you do not have to make additional contributions. However, you have the possibility to choose the manager of the funds to whom you could trust the taking care of your pension funds and of the investment plan with a tailored strategy.
You can change the manager of your pension once per a calendar year, but the investment plan can be changed twice a year under the same funds manager.
Trust the management of your pension to professionals here at Nordea. Our pension saving plans provide a great opportunity to receive a higher pension in a convenient, safe and simple way.
2nd Pillar Pension scheme is mandatory for all citizens born after 01.07.1971. Its participation is voluntary to those who were born between 01.07.1951 and 01.07.1971.
Apply for Nordea 2nd Pillar Pension saving plans:
- At any Nordea Customer Service Unit.
- In Nordea Netbank or internetbank of any other bank.
- At the State Social Insurance Agency (VSAA) or its contract organisations.