Translated using Hugo.lv
Selecting a member of the Tier 2 pension for a succession of accrued capital
Selected Organization: Valsts sociālās apdrošināšanas aģentūra
Brief description:
As from 1 January 2020, a member of the Pension Level 2 who has not yet claimed an old-age pension has the right to choose how the accumulated funded pension capital will be used in case he dies before the old-age pension is awarded.

A member of the Tier 2 pension may wish the accrued capital by selecting one of the three options:
• crediting the State pension to the special budget;
• add designated persons to the capital of the occupational pension;
• leave in succession in accordance with the procedures specified by the Civil Law.

Upon receipt of the submission of a person, the State Social Insurance Agency (National Social Insurance Agency) shall ensure the registration of the choice in the social insurance information system and the sending of the notification regarding the choice made to the official electronic address of the person or to the portal www.latvija.lv.

A Level 2 Participant may change the selection on an unlimited number of times by submitting a new application to the SAA.
Beneficiaries:
Individual
A member of the State funded pension scheme.
Maximum period (in working days):
3
Period:
Registration of selection in the Social Insurance Information System shall be ensured by the SSIA within three working days.
Process description
Documents and forms
Other information