2nd pillar pension

Take care of your savings right now, although when you retire you can continue to enjoy life. Savings at Luminor 2nd pillar pension can increase your pension by investing part of the social contributions in the financial and capital market.

Why to choose the Luminor 2nd pension pillar

  • Investments are made in both the world's leading financial markets and the Baltic States
  • Luminor average customer’s pension savings exceed the average pension savings amount in Latvia*
  • Any customer has the opportunity to choose the most suitable investment strategy among five 2nd pillar pension investment plans offered by Luminor
  • With the index investments plan Sustainable Future, Luminor promotes support for sustainable businesses that care for the environment, social well-being and responsible business

Learn how to save for a better retirement or register for consultation on saving for retirement

You can apply for 2nd pillar pension

  • at latvija.lv portal
  • at branches of the State Social Insurance Agency

Choose investment

Choose the most suitable investment for you

Your age Investment period Maximum proportion of stocks** Investment plan
Up to age of 50 At least 15 years 100 % Luminor index investment plan Sustainable Future
From 50 to 55 At least 10 years 75 % Luminor Progressive investment plan
From 56 to 59 At least 5 years 50 % Luminor Active investment plan
From 60 to 61 Less than 5 years 25 % Luminor Balanced investment plan
Over age of 61 Less than 3 years 0 % Luminor Conservative investment plan


*​According to manapensija.lv data
**Proportion of stock - the maximum limit for investing pension plan assets in equity securities - company stock and other similar types of investments

Start preparing for old age now!

Applying to 2nd pillar pension is easy!

Apply for your 2nd Pillar Pension at latvija.lv portal

Fill application. When filling application, choose most suitable pension plan

Submit application

Choose us as your pension manager!

See also: Alternative pension, Programs for customers, Become a customer, Banking packages

Important! State-funded pension plan participants can change their pension fund manager once a year, and change the pension plan with the same fund manager twice a year.

Pension plan prospectuses, as well as other information about pension plans and asset managers may be obtained:
- in the State Social Insurance Agency
- at the fund manager's Luminor Asset Management IPAS, Skanstes St. 12, Riga
- in the custodian bank Luminor Bank AS Latvian branch and its Customer Service Centers, phone +371 6717 1880

Pension plans` performance