{"id":1839,"date":"2026-04-03T12:28:39","date_gmt":"2026-04-03T09:28:39","guid":{"rendered":"https:\/\/driverscargogo.programming.lt\/?post_type=docs&#038;p=1839"},"modified":"2026-04-03T12:29:32","modified_gmt":"2026-04-03T09:29:32","password":"","slug":"on-the-termination-of-second-pillar-pension-savings-in-lithuania","status":"publish","type":"docs","link":"https:\/\/driverscargogo.programming.lt\/en\/docs\/on-the-termination-of-second-pillar-pension-savings-in-lithuania\/","title":{"rendered":"On the termination of second-pillar pension savings in Lithuania"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221; woodmart_inline=&#8221;no&#8221; text_larger=&#8221;no&#8221;]We hereby inform you that after the pension reform of the second pillar comes into force, employees who are legally employed in Lithuania and participate in second-pillar pension savings have the right to submit an application to terminate their participation in second-pillar pension savings and to request the return of the accumulated pension funds.<\/p>\n<p><strong>Procedure<\/strong><br \/>\nThe application must be submitted to the pension fund management company where your second pillar pension savings are held.<br \/>\nAn application may be submitted:<br \/>\n\u2022 remotely \u2014 through the self-service system of the pension fund management company;<br \/>\n\u2022 in person \u2014 by visiting the pension fund management company (advance registration is recommended).<\/p>\n<p>If you do not know which pension fund management company administers your pension savings:<br \/>\n\u2022 log in to your personal Sodra account (www.sodra.lt);<br \/>\n\u2022 in the pension savings section, you will find the name of the pension fund management company and a link to its website.<\/p>\n<p><strong>Frequently Asked Questions<\/strong><\/p>\n<p>1. How quickly are pension funds returned?<br \/>\nThe return of pension funds is not immediate. The timeframe depends on:<br \/>\n\u2022 the pension fund management company;<br \/>\n\u2022 procedures established by law;<br \/>\n\u2022 the accuracy and completeness of the submitted application.<\/p>\n<p>2. Why is it important to complete the application carefully?<br \/>\nErrors or inaccuracies may:<br \/>\n\u2022 delay the processing of the application;<br \/>\n\u2022 lead to rejection;<br \/>\n\u2022 require resubmission of documents.<\/p>\n<p>3. Is it recommended to submit the application through the pension fund management company?<br \/>\nYes. It is recommended to submit the application through the pension fund management company because:<br \/>\n\u2022 specialists assist in correctly completing the documents;<br \/>\n\u2022 they explain the financial and legal implications;<br \/>\n\u2022 the risk of errors is reduced.<\/p>\n<p>4. Is the full accumulated amount returned?<br \/>\nPart of the pension funds is administered by Sodra, therefore the actual amount returned may be lower than the total accumulated amount. For precise information regarding the distribution of funds and applicable percentages, you should contact the pension fund management company or Sodra.<\/p>\n<p>IMPORTANT: Application Submission Deadlines Currently, it is established that an application to terminate second-pillar pension savings may be submitted within a period of 2 years.<\/p>\n<p><em>Please note that:<\/em><br \/>\n\u2022 the deadlines and procedures for submitting the application may change in accordance with<br \/>\ndecisions of state authorities;<br \/>\n\u2022 such changes may enter into force without a lengthy transitional period.<\/p>\n<p>For this reason, it is strongly recommended not to delay the submission of the application and to<br \/>\npromptly:<br \/>\n\u2022 verify the most up-to-date information with your pension fund management company;<br \/>\n\u2022 seek consultation from Sodra.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221; woodmart_inline=&#8221;no&#8221; text_larger=&#8221;no&#8221;]We hereby inform you that after the pension reform of the second pillar comes into force, employees<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"footnotes":""},"doc_category":[84],"doc_tag":[],"class_list":["post-1839","docs","type-docs","status-publish","hentry","doc_category-social-guarantees-benefits-and-pension"],"year_month":"2026-04","word_count":419,"total_views":0,"reactions":{"happy":0,"normal":0,"sad":0},"author_info":{"name":"Alina Vick\u016bn","author_nicename":"alina","author_url":"https:\/\/driverscargogo.programming.lt\/en\/author\/alina\/"},"doc_category_info":[{"term_name":"Social guarantees, benefits, and pension","term_url":"https:\/\/driverscargogo.programming.lt\/en\/docs-category\/social-guarantees-benefits-and-pension\/"}],"doc_tag_info":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>On the termination of second-pillar pension savings in Lithuania - Drivers&#039; portal | Cargogo<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On the termination of second-pillar pension savings in Lithuania - Drivers&#039; portal | Cargogo\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text css=&#8221;&#8221; woodmart_inline=&#8221;no&#8221; text_larger=&#8221;no&#8221;]We hereby inform you that after the pension reform of the second pillar comes into force, employees\" \/>\n<meta property=\"og:url\" content=\"https:\/\/driverscargogo.programming.lt\/en\/docs\/on-the-termination-of-second-pillar-pension-savings-in-lithuania\/\" \/>\n<meta property=\"og:site_name\" content=\"Drivers&#039; portal | Cargogo\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-03T09:29:32+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/driverscargogo.programming.lt\/en\/docs\/on-the-termination-of-second-pillar-pension-savings-in-lithuania\/\",\"url\":\"https:\/\/driverscargogo.programming.lt\/en\/docs\/on-the-termination-of-second-pillar-pension-savings-in-lithuania\/\",\"name\":\"On the termination of second-pillar pension savings in Lithuania - Drivers&#039; 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