This review assesses the Latvian pension system according to the OECD best practices and guidelines, and draws on international experiences and examples to make recommendations on how to improve it. Although these recommendations should be seen as a policy package, implementing each of them might not be possible in the short-tomedium term. There are two mandatory, earnings related pension schemes in Latvia: a pay-as-you-go non-financial (notional) defined contribution (NDC) and a funded defined contribution (FDC) scheme. Voluntary private pension funds complement the mandatory schemes. The main findings and recommendations are presented below.