Care home manager emptied clients' accountsHead of the Läänemaa Psychosocial Rehabilitation Center (LPRK) Svetlana Reinsalu embezzled a total of around €67,000 from clients of her care facility – people with limited legal capacity and grappling with severe intellectual and numerous physical disabilities.Local News
Agency apologizes to early pensionersThe social insurance board has changed its decision and apologizes to pensioners after it threatened to deprive board members of pension.Local News
What will the year 2017 bring us? From broken teeth to fishingWhat will the year 2017 bring us? Besides increased excises, the coming year will bring Estonia’s residents new subsidies – for example, it is likely that more people will visit dentists in 2017, because a small compensation will be paid to adults as well. Postimees reviews the most significant law amendments.Local News
Estonian govt decides to peg retirement age to life expectancy from 2027The Estonian government decided on Thursday to peg the retirement age to life expectancy from 2027 and allow the people themselves to choose the time of retiring.Local News
Study: the elderly see no point in saving moneyA third of Estonia's elderly are unable to set money aside from monthly income. And those who are, do so to cover everyday expenses, shows a Turu-uuringute AS study.Economy
Editorial: inclination and abilityThe population is aging and thus the influence of the elderly increases accordingly. Tellingly, a bank has ordered a study into their saving habits.Opinion
New taxes sought to fill health insurance holeAccording to analysis by work group called by social ministry Health Insurance Fund would stay in the red for upcoming years due to demographic changes. To fill the void, money might be drawn from elsewhere in the budget. And option is introducing health taxes.Economy
Editorial: hiring people with reduced work capacity is step in right directionUnavoidably, Estonia's working age population is graying and shrinking. Some predictions say we will have a whopping 160,000 people less on labour market in just one generation.Opinion
The shocking secret of Tartu cellar slaveryRagged and barely alive on leftovers, she was kept as slave in a Vaikne St, Tartu basement. Aged 51 today, she was constantly beaten while her invalidity pension and social benefits were grabbed by the owner.Local News
How to become master of your pension fund?Tõnu Pekk, a founder and board member of commercial association Tuleva says they hope to get documents in order by end of summer, and as soon as €3m is collected from members, application will be files at Financial Supervision Authority to create a new pension fund with low managing costs. For starters, members of the association need to pay €100, and €1,000 more afterwards.Economy
He worked for years at other end of Estonia. Never knew itLeonid Mihhailov used to work at a car repair shop, as self employed person and paying all his due taxes, writes Den za Dnyom. In 2014, he broke his leg and was on sick leave for two months. Having no income and thus unable to send in the tax money, he opted to give up current job.Local News
LHV aiming at pensions market topNot satisfied with takeover of Danske pension funds, LHV is seeking to keep increasing market share and use pension funds as bait to get fresh clients for the bank.Economy
The state to again alter pension systemAfter every five years the state analyses if our pension system is financially and socially sustainable. Again, a fresh related report is being prepared. What's more: in its action programme, the government has promised to consider introducing flexible retirement age and faster rise of base amount of pensions – a task which the ministries have indeed been performing this past year both by meeting interest groups and analyzing Excel tables.Economy
Flexibility planned for second pillar pension benefitsYesterday, finance minister Sven Sester introduced a plan to amend payments from pension system aimed at increased flexibility and transparency.Economy
Estonia planning to pay support to old age pensioners living aloneEstonian Ministry of Social Affairs is planning to start paying old age pensioners who live alone additional support of 115 euros per year.Local News
Ignorant Estonians leave Australia without thousands of dollarsThousands of euros due to Estonians get left languishing in Australia – the people unaware that once visa expires, pension funds accumulated there may be withdrawn.Estonian news
Ill and indifferent, Estonia’s educated elderly keep on workingCompared to European peers, elderly Estonians work longer and are better educated while their income is low, the health poor and participation in society meagre.Local News
Big pension funds regain market shareWith LHV pension funds mightily grabbing market share of late, and those of Nordea a bit less mightily, this past year the biggies Swedbank and SEB have started to snatch it back.Economy
Expert: Estonian pension system is excellentWhile we Estonians are very critical towards our second and third pillar pension funds, PensionsEurope CEO Matti Leppälä says the Estonian system is excellent and that Estonia has done better at explaining such funds to people than most countries in Europe.Economy
Rouble wreckage to also pinch pensioners in EstoniaDropping worth of Russian rouble spells trouble for the 3,000 plus seniors in Estonia who draw pension payments from Russian Federation budget as their real income is set to fall.Local News
Move to Finland cuts quarter off pensionIndoors, she walks on her own. Outside, an aid comes handy. After losing her two sons, Helmi was left a single pensioner. Her only hope – Tiia, the daughter – lives in Finland (not real names – edit).Local News
Fresh lake air ineffective against incapacity to work41 percent of working-age folks in Kasepää Commune, Jõgeva County living on work incapacity pension.Local News
Pensions: sheepwalking towards barren pastures«Only thanks to our decision to increase pensions by five percent during the crisis, has cohesion been preserved in our society,» Prime Minister Andrus Ansip proclaimed just before the last Riigikogu elections. «Pensions will definitely rise the next year as well!» Again, Reform Party took a solid victory at the elections.Local News
Tax exemption for pensions to rise from EUR 336 to 354 a month in EstoniaThe Estonian government has decided that the nearly 6 percent pension rise planned for the next year has to be supported by an increase also in income tax exemption for pensions, which means that pensioners will be entitled to tax-exempt income of 4,248 euros per year or 354 euros per month next year.Economy
Avg old age pension in Estonia was EUR 331 in Q2The average size of the old age pension in Estonia was 331.3 euros a month in the second quarter of 2013, 4.9 percent bigger than in the first quarter and 4.8 percent bigger than a year ago.Economy
Estonian ministry wants to ease rules for pension fund investmentsThe amendments to the Pension Funds Act that are set to exit the Ministry of Finance in the fall would allow pension funds to invest their money into longer-term instruments such as infrastructure and energy projects, the daily Postimees said.Economy
Swedbank seeks pension pillars reformDecent old age income would be ensured by monthly second pension pillar payments of up to tenth of salary.Estonian news
Fund managers call for changes to Estonian pension systemCollection of money into pension funds should be increased in the Estonian pension system in order to ensure sufficient income for future pensioners, and steps by the government to change the present system are necessary, fund managers speaking at a roundtable on Wednesday said.Economy
Estonian ministry forecasts 6 pct pension rise for 2014In an estimate published on Thursday, the day the government endorsed a 5 percent pension increase for this year as a result of indexation, the Ministry of Social Affairs said it expects the rise in 2014 to be 6 percent.Local News
Indexation to raise pensions 5 pct from AprilThe Estonian Social Affairs Ministry on Thursday sent to the Finance Ministry for endorsement a draft resolution whereby pensions will rise by 5 percent beginning from April due to indexation.Economy
Pensions’ purchasing power in decline, last yearIn 2012, average old-age pension rose to €313. However, rising prices eating away at its purchasing power, real pension decreased 1.3 per cent.Economy
Your browser is outdated. For everything to work properly please upgrade your software. 
