Lithuanian MPs reveal plans for withdrawn second-pillar pension funds

Most Lithuanian lawmakers who withdrew funds from the country’s second-pillar pension system plan to reinvest the money—either in other funds, real estate, or financial instruments—while others will use it for home renovations, *LRT* reports.

Vitalijus Šeršniovas, a member of the mixed parliamentary group, said he allocated part of the funds to help his wife cover a home renovation loan, with the remainder earmarked for investments in securities or real estate. Education and Science Minister Raminta Popovienė and Social Democrat Darius Razmislevičius also confirmed they would use the money for housing improvements, though both left open the possibility of returning to the pension system later.

Some MPs admitted to changing their initial plans after discussions with colleagues. “I’ll invest most of it—smaller amounts will go toward everyday purchases, like furniture or appliances, just as others are doing,” said Audrius Petrošius of the Homeland Union–Lithuanian Christian Democrats (TS-LKD).

A few lawmakers have chosen to keep the funds in their accounts for now. “I haven’t decided yet. At this stage in life, it’s simply reassuring to have the money available if needed,” said Ruslanas Baranovas of the Social Democratic Party (LSDP). Robertas Puchovičius of the “Nemuno aušra” group plans to rejoin the system, stating, “I’ll return—with time, the funds will accumulate again.”

Self-directed investments were a common theme. Martynas Gedvilas (“Nemuno aušra”) highlighted his preference for timber and electric vehicle stocks, while Arvydas Anušauskas (TS-LKD) and Vytautas Sinica (mixed group) emphasized waiting for market stability before committing funds. Ligita Girskienė (LVŽS-KŠS) is consulting financial advisors and considering defense bonds.

Not all MPs withdrew their savings. Liberal Movement’s Vitalijus Gailius criticized the government’s handling of the pension system but opted to stay, calling the reforms “tragically irresponsible.”

Earlier *LRT* data from November showed 87 of 141 MPs participated in the second-pillar system, with 18 initially planning to withdraw and 30 undecided. Some who had considered leaving, like Democrat fraktion member [name redacted per rules], ultimately chose to transfer to alternative funds instead.