In a broadcast on the TV24 channel in the program Preses klubs, board member and risk director of Rietumu Banka Sandris Straume proposed a compromise approach to the issue of early use of second-tier pension funds.
Straume emphasized that he adheres to the principles of classical liberalism and believes that individuals should decide how to manage their own money. However, he stated that it is important to include a condition: if a person is allowed to withdraw their savings and spend them at their discretion, they should not subsequently expect assistance from others if they run out of means to live.
He noted that in reality, many still expect support from the state — benefits and social assistance. For this reason, he believes a compromise solution is necessary.
One such solution could be a system of assessment for those wishing to access their pension savings. Straume suggests using approaches similar to risk management: taking into account the level of financial literacy, education, income, property, and also, for example... the results of an IQ test.
Based on such an assessment, it could be determined what portion of the savings a person can receive: those who are better prepared and financially literate would have full access to the funds, while others would have only partial access.
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