Latvian residents want their pension savings passed on after death

So far a total of 67 826 Latvian residents have chosen in favour of passing on their second level pension savings in the event of their death. 66.9% have chosen to let their pension savings be inherited after their death, as reported by State Social Insurance Agency (VSAA) representative Iveta Daine.

At the same time, 31.9% have chosen to add their remaining second level pension amount to someone else’s second level pension savings. Only 1.2% of residents have chosen to add their remaining second level pension amount to the state special budget.

More than 9% of those who made their choice submitted their application in person, whereas 90.2% did this using latvija.lv portal.

Daine adds that 34 of the people who made their choice have died since. In seven cases the choice was annulled because the choice was made after the person’s day of death.

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