More than 70% of all old-age pensions in Latvia are smaller than 300 euro. which is close to the monetary value of the at-risk-of-poverty threshold. There is a number of reasons for it: the lack of non-contributory component and inadequately low minimum pensions. the absence of redistribution mechanisms in the mandatory notional defined contribution (pillar I) and funded (pillar II) s... https://www.roneverhart.com/Bonsai-Tree/