Traditional funds

During the implementation of the Republic of Lithuania Law on the Accumulation of Pensions, traditional pension funds (Pension 5, Pension 4, Pension 3, Pension 2, Pension 1 and Pension pay-put fund), on 16 May this year were closed by merging them with the life-cycle pension funds. The funds accumulated in the traditional pension funds were transferred to the life-cycle pension funds according to your age without any additional fees. The investment strategy of the life-cycle funds change depending on your age; therefore, you can accumulate in the fund until the retirement.