Supplementary pension schemes to employees

Are you motivating your employees?

The employer's financial incentives for pension is a financially attractive and popular way to motivate employees
A voluntary retirement savings program benefits employees and increases their income at the same or lower cost to the company.

Contacts

Important: Accumulation in pension funds is subject to investment risk, which means that the value of the investment may rise and fall, may recover less money than you have invested. If foreign currency is invested in financial instruments, exchange rate changes may affect the return on investment. Luminor investment management company does not guarantee return on investment, pension fund profitability or annuity payments. Past performance of pension funds does not guarantee future results. Before making a decision on accumulating an additional pension in Luminor pension funds, familiarize yourself with the pension fund rules, deductions, investment strategy and risk factors. Pension funds are managed by UAB “Luminor investicijų valdymas”, registration code 226299280.

72 %
of employers claim long-term retirement savings boost employee loyalty*

53 %
of employees who do not save for supplementary pension yet, would consider to start saving if their employer contributed similar amount**

36 %
of customers choose Luminor III pillar pension funds in the market.*** Employees of over 350 companies entrusted their pensions to us

* In March 2019, UAB Rait carried out a representative market study for UAB Luminor Investicijų Valdymas
** Representative survey of Lithuanian employees, commissioned by Luminor investicijų valdymas and conducted in April 2021 by „Rait“. Number of respondents – 1008
*** According to the Bank of Lithuania, based on the number of participants in the 3^rd pillar pension scheme on 2023 03 31.

Encourage an employee to spend 68 % more by spending the same amount – 102 euros

The employer allocates €100 “before taxes” to motivate an employee and gives a choice of motivation – payout or long term retirement savings

Salary increase after taxes 60.5 euros
Occupational retirement in favour of an employee 101.5 euros*

Smart decisions

We chose only socially responsible business for our investments. Luminor is the 3^rd largest financial services provider in the Baltic banking market with around 13 % market share in deposits and 17 % in lending. Take a look

First in Lithuania

Offer 3^rdpillar pension fund with investments to sustainable index funds with the high level of ESG standard*

Competitive pricing

Different management fees according to different fund types and risk levels**

* Pension fund invests its assets only in equity index funds that in invest in companies with higher-than-average scores in Environmental, Social and Governance (ESG) ratings, exclude companies that are involved in business activities associated with negative environmental or social impact. In addition, investments in fossil fuel sector and companies involved in controversial activities are excluded or as a minimum significantly reduced. By applying exclusion criteria and investing only in companies with strong ESG ratings pension plan investments constitute only the best 25% of broad market universe in terms of ESG performance. ESG rating is designed to measure a company’s resilience to long-term, industry material ESG risks. Rules-based methodology is used to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers (source: msci.com).