Důchodová reforma: Návod, jak smířit ekvivalenci s fiskální diciplínou
Pension reform: Guidance on how to reconcile equivalence with fiscal discipline

Summary/Abstract: One of important changes in the Czech Republic pension system was induced by a petition submitted to the Constitutional Court, which contested the setting of bend points for determining the amount of pensions depending on the previous earnings of the insured in that it discriminates against higher income categories. The Constitutional Court agreed with the complainant. The result was an approval and implementation of the amendment to the Act No. 155/1995 Coll., on Pension Insurance, that for the purposes of calculating the level of old-age pensions favoured the highest income decile at the expense of most other insureds, namely those with middle incomes. Lawmakers thus simultaneously applied the political criterion of fiscal discipline in ensuring the financial sustainability of the pension system. Within analysis of this case, we apply, as an explanatory framework, the theory of actor-centered institutionalism and the theory of the policy cycle. In contrast with analyses based on economic or legal aspects of this part of the Czech pension reform, we pay attention mainly to the policy process itself.

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