What will happen to the capital saved in my level 2 pension if, on reaching the national retirement age, I decide to continue to work?

Regardless of whether you continue to work or not, you can turn to the SSIA to calculate your pension and when disbursement will begin in accordance with the legislation of the Republic of Latvia.

The capital saved in your level 2 pension can be used in the following situations:

  1. By adding it to the capital saved in your level 1 pension, therefore receiving one pension payment calculated in accordance with the Law On State Pensions;
  2. For the purchase of a Lifetime Pension policy;
  3. If you decide to continue to work after reaching national retirement age, any social contributions made will be directed to your level 1 pension

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