ERGO Pillar II pension Funds
AB ERGO LIETUVA GYVYBĖS DRAUDIMAS offers you two Pillar II pension funds, viz. ERGO Konservatyvusis and ERGO Balans.
ERGO Konservatyvusis
Goal: To protect cash against decrease in value
Risk: Low
Shares: 0%
Bonds: up to 100%
Recommendations: Less than 7 years left until the retirement age
ERGO Balans
Goal: To generate the average return in the medium- and long term
Risk: Medium
Shares: up to 50%
Bonds: about 50%
Recommendations: At least 7 years left until the retirement age
Important information. Pension accumulation companies do not guarantee the return on investment; it may fluctuate and it depends on the investment results.
When choosing a fund, you should assess your risk tolerance, age, investment strategy and yield of the fund. When making a choice, you can always consult an agent from ERGO.
Deductions from pension assets for pension funds asset management:
| ERGO KONSERVATYVUSIS | ERGO BALANS | |
|---|---|---|
| From contributions paid: | 1,99% | 1,99% |
| From the average annual value of funds credited to the participant’s pension account: | 1% | 1% |
Advantages of ERGO pension
ERGO is one of German and European leading insurance companies, serving more than 34 million clients in 31 countries in Europe and Asia.
The main shareholder of the ERGO Insurance Group is the Munich Re Grupp, one of the world’s largest insurance concerns, founded in 1880.
ERGO pension funds – a method securing a wealthy retirement and not requiring any additional investment today.
The skilled team and the professional asset management: ERGO Funds AS manages ERGO’s Pillar II pension funds in Estonia and Lithuania and Pillar III pension funds in Estonia in association with Trigon Capital, the leading investment bank in the Baltic States.
The annuity may be purchased at the same ERGO group.
When can you sign Pillar II pension accumulation agreement?
Any employed or self-employed person who pays contributions for the whole social insurance pension and does not have any Pillar II pension agreement can start accumulating pension by signing it from January 1 to July 1. The pension accumulation agreement will come into effect on January 1 of the year following the year of signature.
Any employed or self-employed person issued with the social insurance certificate for the first time can start accumulating pension by signing the agreement from January 1 to October 1.
Any person who has Pillar II pension accumulation agreement shall have the right to change a pension accumulation company, provided that at least 3 years have passed since the date the agreement came into force.