The largest pen­sion pro­vided this year in Latvia – EUR 6,000 a month

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This year’s largest newly-al­lo­cated pen­sion in Latvia was EUR 6,000. It earned fourth place in Latvia’s top pen­sion list, as writ­ten by Latvi­jas Avīze.

Ac­cord­ing to data from the State So­cial In­sur­ance Agency, other ma­jor pen­sions pro­vided anew in­cluded EUR 4,400, EUR 4,100, EUR 3,900 and EUR, EUR 3,500 in Latvia 2016.

The five largest pen­sions in Latvia are EUR 19,000, EUR 6,600, EUR 6,500, EUR 6,000 and EUR 5,200.

As it is known, ex-pres­i­dent An­dris Berzins and in­fa­mous Ventspils res­i­dent Ai­vars Lem­bergs are among the wealth­i­est pen­sion­ers in Latvia. Both are paid pen­sions close to EUR 6,000 a month.

1,473 peo­ple in Latvia are paid pen­sions larger than EUR 1,500. Com­ment­ing on the news that he has be­come one of the wealth­i­est pen­sion­ers in Latvia, crim­i­nally ac­cused Ai­vars Lem­bergs said pay­ing big so­cial in­sur­ance fees opens the way for a big pen­sion in the fu­ture, so there is no rea­son to be ashamed of re­ceiv­ing a big pen­sion.

«I don’t feel guilty of pay­ing big­ger taxes. I have a big pen­sion, a re­ally big one,» – Lem­bergs said, com­ment­ing on the in­for­ma­tion that he is paid a pen­sion of EUR 6,000 now that he has reached pen­sion age.

He em­pha­sized that a big por­tion of his in­come is pro­vided not by the mu­nic­i­pal­ity, but rather pub­lic or­ga­ni­za­tions, in­clud­ing the Busi­ness De­vel­op­ment As­so­ci­a­tion and Lat­vian Tran­sit De­vel­op­ment As­so­ci­a­tion.

«The more you earn, the more money you will save up on your in­di­vid­ual pen­sion fund. It doesn’t mat­ter how many jobs you have,» – he em­pha­sized.

This sum­mer crim­i­nally ac­cused Ai­vars Lem­bergs of­fi­cially reached pen­sion age and joined the ranks of Latvia’s wealth­i­est pen­sion­ers. Ac­cord­ing to Lem­bergs, his pen­sion is ap­prox­i­mately EUR 6,000 per month.

Last year, Ai­vars Lem­bergs’ in­come had grown to EUR 485,620, ac­cord­ing to his dec­la­ra­tion for 2015.

Com­pared with 2014, when Lem­bergs’ de­clared in­come level was EUR 450,613, his in­come grew in 2015. One year prior, Lem­bergs’ de­clared in­come level was EUR 309,060.

Ac­cord­ing to in­for­ma­tion from the dec­la­ra­tion, Lem­bergs’ largest por­tion of in­come was pro­vided by his post in the Busi­ness De­vel­op­ment As­so­ci­a­tion, where he earned EUR 187,819.

EUR 90,169 Lem­bergs de­clared as in­come from busi­ness ac­tiv­i­ties from Val­ters un Rapa. As pre­vi­ously ex­plained by Lem­bergs, this in­come came from rent pay for his owned build­ing in Riga, O.Va­ciesa Street.

EUR 86,616 was earned by Lem­bergs by work­ing in Ventspils De­vel­op­ment Agency.

Lem­bergs earned EUR 45,705 for his work in the man­age­ment board of Ventspils Freeport, EUR 24,159 for his work in Latvia Tran­sit Busi­ness As­so­ci­a­tion and EUR 18,151 for his work in Ventspils City Coun­cil last year.

A sig­nif­i­cant amount of money was re­ceived by Lem­bergs last year from the State So­cial In­sur­ance Agency – EUR 32,824, which was men­tioned in the dec­la­ra­tion as other in­come. In 2014, in­come from VSAA of EUR 525 was men­tioned in his dec­la­ra­tion as pen­sion.

Lem­bergs’ de­clared debt is EUR 10.79 mil­lion and USD 5.27 mil­lion. Lem­bergs had de­clared the same amounts of debt in pre­vi­ous years as well. Com­ment­ing on his sig­nif­i­cant debts, Lem­bergs said: «On the topic of my debts, I would like to say those are debts I owe to my chil­dren, not banks or other credit in­sti­tu­tions». Lem­bergs’ de­clared savings are EUR 115,000.

Com­pared with 2014, his savings have grown by EUR 5,000. In banks, Lem­bergs has saved EUR 243,655 and USD 30,487. Com­pared with 2014, his savings have de­creased by EUR 15,553.

Last year, Lem­bergs had pro­cured le­gal services worth CHF 31,658 and EUR 30,855.

Lem­bergs owns Ventspils nafta shares worth EUR 8,246, Lat­vian Ship­ping Com­pany shares worth EUR 615,530, one Vent­bunkers share worth EUR 142, Latvi­jas Kra­jbanka shares worth EUR 8,450 and 799 pri­va­ti­za­tion cer­tifi­cates.

Lem­bergs owns an apart­ment in Ventspils, five pieces of land in Puze and Ugale, as well as land in Riga. He also owns mul­ti­ple ve­hi­cles, in­clud­ing a mo­tor­boat and six row­ing boats.

Lem­bergs is ac­cused of bribery is es­pe­cially large amounts, money laun­der­ing, fraud, par­tic­i­pa­tion in prop­erty deals pro­hib­ited to him due to his post, abuse of of­fi­cial power and other crimes.

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