Unity Party Announces Kariņš's Resignation from Board Position
The Latvian government has approved changes to the Law on State Funded Pensions, which will impact the funded pension scheme. This development was proposed by the Ministry of Finance, led by Arvils Ašeradens.
Over a period of four years, the changes will see a transfer of funds from the second tier to the first tier of pensions. This move is aimed at strengthening the first tier, which is the guaranteed part of the pension system.
Jānis Karinš, a former Prime Minister of Latvia, has expressed concern about the potential reduction in future pension contributions as a result of these changes. He also criticised the proposed tax increase for capital savers, although it is important to note that he is no longer actively involved in politics.
Karinš, who stepped down from politics this year due to a private flights scandal, advocated for fiscal responsibility and sustainable social security systems during his tenure. He supported policies that aimed to ensure stable pension funding through contributions and balanced the welfare needs with fiscal discipline. On taxation, Karinš favoured policies encouraging investment and savings while maintaining fair tax burdens, a stance that often benefited capital savers.
The Unity party, which formed the New Unity alliance in 2013, is not mentioned in the context of these changes. The New Unity alliance includes the Kuldīga Region, Valmiera and Vidzeme Tukums City and Region, Jēkabpils Regional Party, and Latgale Party parties.
Evika Siliņa, a member of the Unity Board, replaced Karinš as Chairman of the Board of the party association New Unity in June this year. Karinš did not comment on his membership status in the party following his departure.
The changes to the Law on State Funded Pensions were approved by the Saeima, the Latvian parliament. The article does not provide any information about the current status of the New Unity alliance or its constituent parties.
- Despite no longer being actively involved in politics, Jānis Karinš, formerly the Prime Minister of Latvia, has voiced concerns about the potential negative impact of the changes to the Law on State Funded Pensions on future pension contributions.
- The Saeima, the Latvian parliament, has approved the changes to the Law on State Funded Pensions, which will transpire over a period of four years and involve a transfer of funds from the second tier to the first tier of pensions to bolster the guaranteed part of the pension system.
- The Unity party, which is a part of the New Unity alliance that also includes the Kuldīga Region, Valmiera and Vidzeme Tukums City and Region, Jēkabpils Regional Party, and Latgale Party parties, has not been mentioned in the context of these changes to the Law on State Funded Pensions.
