Second pillar pension

Second pillar pension funds offer the possibility to save up to 20–30% of your past earnings for retirement.

The state also contributes to your second pillar pension. In the second pillar, monthly contributions are paid from two sources: your contribution – 3% of your salary before tax – and the state incentive – 1.5% of the national average wage from the year before last. The funds are then invested in a pension fund and, under certain conditions or once you reach retirement, you receive payments.

You are free to choose your pension company. If you want to switch from another company, all you need to do is to conclude a pension contract online by clicking on the “Conclude a contract” button below. If you would like to find out more or speak to a consultant, please submit your enquiry by clicking on the “Fill in the enquiry form” button above and we will get back to you.

Once the contract has been concluded, the accumulated funds will be transferred within a few days to a pension fund managed by Artea Asset Management of the Artea Group.

If you enter into a contract now, contributions will start to be deducted after 2 months, and you will see your first Sodra contribution in your pension fund after 4 months.

If you have previously accumulated in second pillar pension funds and have stopped your accumulation, your accumulated funds continue to be invested, and you can renew your contributions at any time by logging in to the Pension self-service portal or by visiting the nearest Artea customer service branch.

When you can withdraw the funds accumulated in a second pillar pension fund depends on your age and situation. 

Regular cases

• Upon reaching the old-age retirement age of 65;
• upon taking early old-age retirement.

Partial withdrawal (25%) without stopping saving

You can withdraw a partial payment at any time (not exceeding the contributions paid from your own funds), but:

• a 3% deduction to Sodra applies if you have not reached retirement age;
• if you have reached retirement age, this deduction does not apply;
• such withdrawal can only be done once during the entire saving period.

Exceptional cases (withdrawal of all funds)

You can withdraw the full accumulated amount: 

• if you lose 70–100% of your participation capacity;
• if you have a serious disease from the approved list;
• if you need palliative care;
• if there are 5 years or less remaining until retirement and you have accumulated up to EUR 8,392.50 (according to 2026 data). In this case, a 3% deduction to Sodra applies.

Stopping accumulating (from 01/01/2026 to 31/12/2027)

If you started saving before the end of 2025, you have a two-year period to decide whether to continue saving or withdraw and recover the funds. In this case, it is important to know:

• you will be paid only the amounts you contributed and the investment return;
• the state incentive contributions and Sodra contributions will be transferred to Sodra.

Would you like to find out the preliminary amount you may be able to recover? Use the Artea pension calculator.

If you would like to find out more, please contact us for a consultation. We will help you find the solution best suited to your needs.

You can check the amount you have accumulated in a second pillar pension fund in several ways. 

1. In the Artea Pension Self-service portal (if you save in Artea pension funds):

• log in to the Artea pension self-service portal;
• you will see the exact accumulated amount, the amount of contributions and the investment return;
• you will be able to view your saving history, the number of pension fund units and their value.

2. By phone, by contacting Artea (if you save in Artea pension funds):

• call +370 610 44447 (Mon–Sun 8:00–22:00);
• once your identity has been verified, a consultant will inform you of the accumulated amount.

3. In your personal Sodra account:

• log in to www.sodra.lt;
• in the “Pension accumulation” section, you will see: 
  • which company you are saving with;
  • the accumulated amount;
  • your contribution history.

What information will be available:

• the full amount accumulated in the second pillar pension fund;
• the investment return since the start of saving;
• the name of the pension accumulation company and the pension fund.

Important to know:

• the value of pension fund units is recalculated daily;
• you can obtain the most accurate information by logging in to the Artea pension self-service portal or Sodra self-service portal. By contacting Sodra you can receive full information about the structure of your contributions, i.e. how much was paid and from whose funds, so that you can calculate potential payments (you will also be able to use the amounts provided by Sodra in our calculator). In addition, it clearly states the amount you could withdraw if you decide to leave during the transitional period;
• if you save in Artea second pillar pension funds and would like to find out approximately how much you could accumulate by retirement and what payments you could receive once you reach retirement age, you can use the projected pension calculator..

Not sure which company you are saving with? You can easily find this out by logging in to www.sodra.lt. All the key information about your pension saving is available there.

Yes, funds in a second pillar pension fund are inheritable, but the inheritance conditions depend on whether you have already reached retirement age and which payment method you have chosen.

BEFORE retirement (during the saving period)

All funds accumulated in the second pillar pension fund are your property and are fully inheritable. If a person dies before reaching retirement age:

• the entire accumulated amount is transferred to the heirs;
• inheritance takes place in accordance with the laws of the Republic of Lithuania;
• the funds are paid out through the pension accumulation company.

AFTER reaching retirement – inheritance depends on the chosen payment method

1. Lump-sum or periodic payment, if the amount accumulated is below the annuity threshold (up to EUR 16,785):

• the funds are fully inheritable;
• if the full amount has not yet been paid out, the remaining balance passes to the heirs.

2. Standard pension annuity (amount accumulated: EUR 16,785–83,926):

• all accumulated funds are transferred to Sodra (to purchase the annuity);
• payments are made for life;
• not inheritable – upon death, payments are stopped.

3. Inheritable standard pension annuity (amount accumulated: EUR 16,785–83,926):

• all accumulated funds are transferred to Sodra (to purchase the annuity);
• payments are made for life;
• inheritable until the age of 85 – if the person dies earlier, the amount unpaid up to the age of 85 is transferred to the heirs.

4. Deferred pension annuity (amount accumulated: EUR 16,785–83,926):

• until the age of 85, periodic payments are made by the pension accumulation company – these funds are fully inheritable;
• from the age of 85, payments are made by Sodra – these funds are not inheritable.

5. If more than EUR 83,926 has been accumulated:

• the excess amount may be paid out as a lump sum, which is inheritable;
• the remaining amount is paid according to the selected type of pension annuity.

Please note: if it is important to you that the accumulated funds pass to your family members, choose:

• an inheritable standard annuity – inheritance is guaranteed until the age of 85;
• a deferred annuity – the majority of the funds will be inheritable.

Important to know:

• the first pillar Sodra old-age pension is not inheritable;
• funds accumulated in second and third pillar pension funds are inheritable, as they are your personal property.

Would you like to find out more about pension payment methods? Contact us by phone on +370 610 44447 – we will advise you and help you choose the best solution for you.

The decision to stop saving in a second pillar pension fund is individual and depends on your financial situation, age and plans for the future. Here are the main factors that are important to consider: 

Arguments against stopping saving (why it is worth continuing to save)

1. A more dignified pension in the future:

• the Sodra old-age pension averages only 40–45% of previous salary;
• financial experts recommend that a pension should amount to 70–80% of previous income.

2. State incentive: 

• the state transfers 1.5% of the national average wage from the year before last each month to those who save;
• in 2026, this amounts to around EUR 402 per year in additional money, which you lose if you stop saving.

3. Return on investment

• long-term investing can help overcome inflation;
• the effect of compound interest – funds can grow not only through contributions, but also through the interest earned;
• the longer you save, the more you can accumulate.

4. You will not recover all the funds

If you stop saving during the transitional period (from 01/01/2026 to 31/12/2027), you will recover only part of the accumulated money: 

• the funds you contributed + investment return will be paid to you;
• state incentive contributions + Sodra contributions will be transferred to Sodra and converted into individual part points of the old-age pension.

5. Funds are inheritable:

• when saving in the second pillar, the funds in the pension fund are inheritable;
• once you reach retirement, you can choose inheritable payment methods.

Artea’s advice:

Before making a decision: 

• calculate the preliminary amount you could receive using the second pillar pension fund payment calculator;
• consider your age – the longer you save, the greater the benefit you may receive;
• consider alternatives – do you have a plan for how you will invest the withdrawn funds;
• consult us – register for a consultation or contact Artea consultants by phone on +370 610 44447.

Remember: the opportunity to stop saving is valid until 31 December 2027, so you have enough time to consider and decide what to do.

Register for a free consultation with an Artea specialist.

Termination (during the transitional period from 01/01/2026 to 31/12/2027):

• complete withdrawal from the second pillar pension accumulation system;
• termination of contractual relations with the pension accumulation company;
• possible only during the two-year period (until 31 December 2027);
• possible only for participants who started participating in pension accumulation before 31 December 2025.

What happens:

• you will receive: the funds you contributed yourself + the full investment return;
• you will not receive: state incentive contributions and Sodra contributions – these will be transferred to Sodra and become additional old-age pension accounting units;
• contributions will no longer be paid – saving is terminated permanently;
• funds are paid out within 10 working days after the end of the quarter in which the application was submitted;
• if you wish to return to saving, you will be able to conclude a new pension accumulation contract after you have recovered the funds.

When suitable:

• when you are completely sure that you no longer want to save in a second pillar pension fund;
• you have an alternative plan for how you will save for retirement.

Withdrawal (25% partial payment):

• a one-off partial payment from the accumulated assets;
• saving continues – contractual relations remain in force;
• possible at any time from 1 January 2026;
• possible only once during the entire saving period;
• it is important to know that this withdrawal will be taken into account in the future when calculating annuity thresholds, on which the type of pension payment available upon reaching retirement age depends.

What happens:

• you will receive: 25% of the total accumulated assets, but not more than the amount you have contributed yourself;
• saving continues – you continue paying a 3% contribution from your salary, while the state transfers 1.5% incentive contributions (calculated from the national average wage from the year before last);
• the remaining amount continues to be invested in the pension fund;
• if you have not reached retirement age – a 3% deduction to Sodra applies.

When suitable:

• you need additional funds now, but want to continue saving for retirement;
• you are planning major expenses (e.g. buying a home, medical treatment);
• you want to retain the state incentive and investment growth.

Comparison table:

Third option: suspension of contributions

You can suspend contributions for a 12-month period and extend this an unlimited number of times:

• saving is not terminated – contractual relations remain in force;
• funds remain in the pension fund and continue to be invested;
• you can resume paying contributions at any time;
• during the suspension period, state incentive contributions are also suspended.

Artea’s advice:

• if you need funds now but want to continue saving – choose the 25% asset withdrawal;
• if your financial situation has temporarily worsened – you can suspend contributions without terminating saving.

Calculate how much you would receive in each case using the Artea calculator

Calculate what amount you can accumulate

Need help deciding? Register for a consultation or contact Artea consultants by phone on +370 610 44447.

The time required to withdraw funds depends on the withdrawal method you choose.

1. The process for withdrawing a partial payment (25%):

• submitting an application – in the Artea pension self-service portal or at an Artea bank branch;
• application review – up to 10 working days;
• transfer of funds to your personal account at a credit or payment institution – up to 30 calendar days after the decision is made.

Total duration: usually around 7–30 working days from submission of the application.

2. The process for terminating saving (complete withdrawal during the period from 01/01/2026 to 31/12/2027):

• submitting an application – at any time during the period from 01/01/2026 to 31/12/2027 in the Artea pension self-service portal or at an Artea bank branch;
• transfer of funds – within 10 working days after the end of the current quarter.

Examples:

• you submitted the application on 19 January 2026 → the decision is made after 31 March 2026 → the funds are transferred by 15 April 2026;
• you submitted the application on 10 August 2026 → the decision is made after30 September 2026 → the funds are transferred by 14 October 2026.

Total duration: from 2 weeks to 3.5 months (depending on when in the quarter you submit the application).

3. The process for withdrawing funds when 5 years or less remain until retirement, if up to EUR 8,392.50 has been accumulated:

• submitting an application – in the Artea pension self-service portal or at an Artea bank branch;
• application review – up to 10 working days;
• a 3% deduction to Sodra applies;
• transfer of funds – up to 30 calendar days after the decision is made.

4. The process for withdrawing all funds due to health problems:

• submitting an application – in the Artea pension self-service portal or at an Artea bank branch;
• application review – up to 9 working days;
• transfer of funds– up to 30 calendar days after the decision is made.

5. Payments upon reaching retirement age

Lump-sum payments (amount accumulated: up to EUR 16,785):

• submitting an application at an Artea bank branch or during a remote consultation;
• the payment is transferred 11–13 working days after the application is submitted.

Periodic payments (amount accumulated: up to EUR 16,785):

• submitting an application at an Artea bank branch or by phone;
• the first payment is transferred 11–13 working days after the application is submitted.

Purchase of a pension annuity (amount accumulated: EUR 16,785–83,926):

• submitting an application at an Artea bank branch or by phone. Funds are transferred to Sodra 11–13 working days after Sodra’s decision to grant a pension annuity;
• in the case of a standard pension annuity and an inheritable standard pension annuity, Sodra starts paying payments from the following month and pays them monthly;
• in the case of a deferred pension annuity, the pension accumulation company pays periodic payments to the client until the client reaches the age of 85 – the first payment is transferred within 11–13 working days after Sodra’s decision to grant a pension annuity, while Sodra starts paying the pension annuity once the person reaches the age of 85 and pays it monthly.

When terminating accumulation:

• from submission of the application until the decision is made, contributions will continue to be deducted from salary;
• to avoid paying additional contributions – submit an application to suspend contribution payments at the same time;
• suspension of contributions takes effect from the following month.

 Artea contacts:

• +370 610 44447 (Mon– Sun 8:00–22:00)
• Register for a consultation
• Artea pension self-service portal
• Artea bank customer service branches.

Important: before withdrawing funds, use the Artea pension calculator to find out the preliminary amount you may receive.

The amount withdrawn depends on four main factors: your accumulated assets, the withdrawal method and your age. Your accumulated amount consists of:

• your contributions;
• state incentive contributions;
• Sodra contributions (the part of social insurance contributions, if you saved during the period of 2004–2018);
• investment return (over the entire saving period).

SCENARIO 1: Partial payment (25% withdrawal)

• you can withdraw 25% of the total accumulated assets;
• but not more than the amount you have contributed yourself;
• additional contributions transferred directly to the pension fund account are not included;
• if you have not reached retirement age – a 3% deduction to Sodra applies.

Example:

• accumulated in the pension fund: EUR 10,000;
• your contributions amount to EUR 2,000;
• 25% of the total amount = EUR 2,500, but it is limited to your contributions (EUR 2,000);
• before reaching retirement age: EUR 2,000 – 3% = EUR1,940;
• after reaching retirement age: EUR 2,000 (without deduction).

SCENARIO 2: Complete termination of accumulation (01/01/2026–31/12/2027)

What you are entitled to:

• the funds you contributed yourself (the established percentage of salary and additional contributions you paid into the pension fund yourself);
• the full investment return (profit/loss);

What is transferred to Sodra:

• state incentive contributions;
• Sodra contributions.

Example:

• accumulated in the pension fund: EUR 10,000;
• state incentive + Sodra contributions amount to EUR 4,000;
• you will receive: 10,000 - 4,000 = EUR6,000;
• transferred to Sodra: EUR 4,000 (becomes old-age pension points – around 1.7. The value of one point in 2026 is EUR 8.11).

SCENARIO 3: Withdrawal of funds when 5 years or less remain until retirement, if up to EUR 8,392.50 has been accumulated in 2026 

• The full accumulated assets are paid out;
• a 3% deduction to Sodra applies

Example:

• 3 years remain until retirement;
• amount accumulated: EUR 7,000;
• you will receive: EUR 7,000- 3% = EUR6,790.

SCENARIO 4: Withdrawal of all funds without any deductions due to health problems

• If you lose 70–100% of your participationcapacity;
• if you are diagnosed with a serious disease included in the list of diseases approved by the Minister of Health and the Minister of Social Security and Labour. You can find the list here;
• if a need for palliative care is established.

Example:

• amount accumulated: EUR 12,000;
• amount paid out: EUR 12,000.

SCENARIO 5: Pension payments upon reaching retirement age

Depending on the amount accumulated:

Monthly pension annuity payment (example):

• amount accumulated: EUR 20,000;
• an inheritable standard annuity is selected;
• monthly payment: around EUR 75/month (based on the Sodra calculator and assuming that the client's age is 65).

Preliminary calculation of payments using the Artea calculator

Artea offers a free online calculator that will calculate the payment amount based on your data.

Please enter:

• the total accumulated amount;
• the share of Sodra contributions, the amount of state incentive contributions, and the amount of your own contributions.

The calculator will show:

• the preliminary amount withdrawable (in the cases of withdrawing 25% of accumulated funds and terminating accumulation during the 2026–2027 period);
• how much will be transferred to Sodra;
• what deductions apply.

Use the Artea pension calculator now

WHAT ELSE IS IMPORTANT TO KNOW

1. Return on investment

• The return of second pillar pension funds managed by Artea Asset Management of the Artea Group, has grown steadily over the long term;
• pension fund results change every working day;
• past performance does not guarantee future results.

2. Fees:

• when withdrawing accumulated funds with 5 years or less remaining until retirement, if up to EUR 8,392.50 has been accumulated, or when withdrawing 25% of accumulated funds (if you withdraw before retirement age), a 3% deduction to Sodra applies;
• personal income tax does not apply to payments.

3. Inheritance:

• while the funds are in the pension accumulation fund and no pension payment agreement has been signed, the full amount is inheritable;
• once a pension payment agreement has been signed, inheritance depends on the selected payment method.

ARTEA CONSULTATION:

Would you like to find out the preliminary amount of payments you could receive based on your individual situation?

• Register for a consultation.
• Call +370 610 44447 (Mon–Sun 8:00–22:00).
• Artea consultants will assess your accumulated assets and suggest the best option for your situation.

Remember: before withdrawing funds, consider whether this is the best investment in your future. Long-term saving with the state incentive is usually more beneficial than short-term withdrawal of funds.