July 2021 social briefing: Pension System in Latvia

Task of the science is to serve
people.

– Tolstoy –

Science is the captain, and
practice the soldiers.

– Leonardo da Vinci –

Frontiers of science are like the
horizon: the more we approach
it, the more it moves away.

– Boiste –

The fantasy is more important
than knowing.

– Albert Einstein –

Science – it means organized
knowledge.

– Spencer –

Freedom for the science the
same as the air for a living soul.

– Poincaré –

Research area of all sciences is
endless.

– Pascal –

System of science must be
looked at as the system of
nature: all in it is endless and
necessary.

– Cuvier –

Scientific plan without working
hypothesis is a skeleton without
living body.

– Hirschfeld-

The main research subject of
mankind is the human.

– Goethe –

All is important in science.

– Heine –

Books must be results of
sciences, but sciences not results
of books.

– Bacon –

Scientist is not the one, who
gives the right answers, but the
one, who asks the right
questions.

– Claude Lévi-Strauss –

The more we will seek for the
truth outside us, the more we
will move away of it. The more
we will be able to understand
who we are, the more the truth
will assert us in ourselves.

– Antonio Meneghetti –

Before being dictated the nature
needs to be obeyed.

– Bacon –

A true scientist is not one who
has more acquired, but one who
has more understood.

– Leibniz –

Science – to know how the
being acts. To know the action
of the being.

– Antonio Meneghetti –

Science is benefactor of
mankind.

– Berthelot –

Sākums » News » July 2021 social briefing: Pension System in Latvia

July 2021 social briefing: Pension System in Latvia

July 2021 | News

The recovery of Latvian independence in 1991 raised a big question regarding the sustainable pension system in the country. Until 1995 attempts to build the system were not successful but later with the help of the World Bank Latvia has built the pension system, which still functions. It took six years to implement the concept in reality. Today Latvia has a three-level pension system, where the first one is the state compulsory scheme of non-refined pensions, the second one is the state scheme of funded pensions and the third one is the private voluntary pension scheme. The biggest challenge for the system is ageing Latvian society and there is no assurance that this system will be able to survive under these circumstances.

Read more about the Latvian pension system on https://lnkd.in/eSxCpEa

This article has been made in cooperation with China-CEE Institute and is the intellectual property of China-CEE institute.