Linas Agro Group participates in ERGO pension accumulation program.
The European company ERGO Life Insurance in Lithuania and AB Linas Agro, the subsidiary of the international agribusiness company AB Linas Agro Group, concluded the contract regarding the pension accumulation for employees of AB Linas Agro until the retirement age, 65 years.
As of 1 April 2015, employees of Linas Agro may participate in the pension accumulation program: to conclude individual contracts and their employer will allocate an analogical amount of premiums to employees, i.e. following the 50 / 50 principle of accumulation. The company will contribute to the financial stability of its employees from its funds by the pension program.
“The mission of our group of companies is not only to create value to our customers and shareholders but also to provide employees with professional development opportunities in the organization of high internal culture as employees are the ones who create that value. One of the key values of our group of companies is the long-term partnership. Therefore, we are interested not only in long-term relationships with customers, but also with our internal partners – our team. By contributing to the financial stability of employees, the company seeks the long-term benefit to its employees. If pension accumulation program becomes successful and is enjoyed by employees, we will implement it in the other companies of Linas Agro Group as well”,states Managing Director of AB Linas Agro Group Darius Zubas.
“While mostly foreign companies used to implement pension accumulation programs for their employees several years ago, we observe that more and more Lithuanian companies follow their example now. By signing a pension accumulation program for its employees, an employer reveals its aim to ensure the loyalty of its employees and its social responsibility. In addition, the economy growth from the economic crisis effects higher investments of business in their employees”, the Chairman of the Management Board of ERGO Insurance Companies in the Baltic States and the CEO of ERGO Life Insurance SE Dr. Kęstutis Bagdonavičius points out.
“We are glad that the company that is interested not only in business development, but also in the future of its employees, joined the pension accumulation program. We expect these programs to grow in popularity,” says broker of the transaction Juozas Sargūnas, the Head of Motivation Programs Department of the insurance brokerage company BALTO LINK.