Choose a Bigger Pension!

Each one of us has faced the question of how will I live once I am retired. Will I have enough money to go to the theater, go traveling, throw garden parties for the grandchildren, live a full life?

Now you no longer have to be concerned about your pension - leave all the worries to the bank!

If until recently the State fully controlled your social security tax, now, to increase your Level 2 pension principal, part of these funds can be placed in secure and profitable investment plans offered by the stock company IPS SEB fundi (SEB Funds) and the stock company SEB banka of Latvia. All you have to do is choose the investment plan most suitable for you. The sooner you become a member of pension Level 2 or Level 3, the larger will be the principal of your pension and you will have an old age free of worries!

Level 2 of the Pension System was introduced on July 1, 2001. From that point on, a part of everybody's social security deductions is being invested in the financial markets and credited to the personal account of each Level 2 participant

At the initiation of the Level 2 of the Pension System - until January 1, 2003 - the only manager of the funds was the State Treasury. Beginning with January 1, 2003, private fund managers became involved in the management of these funds. These managers are specially licensed management companies, which have more investment options, enabling you to accumulate a larger pension principal.