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

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThis 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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