The average old-age pension is close to the poverty line. Speaking about residents receiving only a Sodra pension, the average replacement rate, that is, the ratio between pre-retirement labour income and pension, is only about 35 per cent, whereas the EU average comes close to 50 per cent.
Approximately one in four senior citizens in Lithuania is exposed to the risk of poverty – according to the European Commission, once again we are ranked in the bottom three of EU countries. We find ourselves in this – third lowest – position quite often, and we are even starting to come to terms with it.