Price
Free
Execution deadline in working days
15
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Recipient
Individual person
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Receiving restrictions
-

Participants of the 2nd pension pillar who have been added to 2nd pension pillar scheme on mandatory basis (persons born after 1 July 1971 and are socially insured) and participants who have joined voluntarily may change the fund manager once per calendar year.

Investment plans managed by the same fund manager may be changed twice per calendar year.

The investment plan has to be selected according to their age and duration of participation in the 2nd pension pillar.

Following the receipt of an application from a person, the State Social Insurance Agency shall ensure transfer of the capital accrued in the 2nd pension pillar from the current to the new investment plan.

Process description

  1. Service requests
    To request the service, you must fill in for a particular form submission addressed to the SSIA.
    May submit a submission:
    • on the www.latvija.lv portal;
    • on-site (if requested for service, a personal identification document (passport or ID card) must be produced);
    • electronically (the application must be signed with a secure electronic signature containing the time stamp);
    • by post.
    An application may be submitted in person to any VSAA customer service centre or to the unified customer service centres of the State and local governments.

    The submission shall indicate the preferred method of receiving the decision.

    Information on the existing investment plan can be obtained from the E-service of the www.latvija.lv portal Information on the registration of a member of the national funded pension scheme and the choice of the investment plan.

  2. Receipt of services
    A person may receive a notification regarding the change of the pension level 2 capital manager and the investment plan:
    - in the official electronic address, if activated,
    - www.latvija.lv
    - face-to-face.