«The possibility of terminating a pension savings contract for valid reasons, not provided for by this law, contradicts the Constitution. Thus, the property rights of a pension fund participant are limited,» said Gintaras Goda, Chairman of the Constitutional Court, on Thursday.
The Constitutional Court notes that the right to funds accumulated in pension funds is connected with the protection of his property rights, therefore, the existing regulation has no grounds.
«(…) there is no reason to argue that such a restriction is necessary to achieve a constitutionally important goal — to provide as many participants in pension savings as possible with a higher income in old age,» the Constitutional Court states.
«(…) such legal regulation restricts the property rights of a person more than necessary to achieve the stated constitutionally justified goal, and thus violates Article 23 of the Constitution, which guarantees the inviolability and protection of property, the constitutional principle of proportionality, which is one of the elements of the constitutional principle of a rule of law,» the clarification states.