Český důchodový (ne)systém vyžaduje zásadní reformu
The Czech pension (non)system requires fundamental reform

Summary/Abstract: The complicated and incomprehensible Czech pension system appears to provide ideal material for the marketing pension policy and for lobbying. Thus, we have a public „pension insurance“ which is an insurance at a rate of around 30% and we have a further allegedly „third“ pension pillar, „supplementary pension savings“ which is, due to high rate of state support (or rather lobbying and, possibly, corruption), in fact a „second“ pension pillar which the superfluous pension companies would like to refine via e.g. the introduction of mandatory employer contributions in line with, for example, the latest Polish model. Will Czechia be successful in reversing these trends? Hopes remain alive in connection with the aim of the Commission for Fair Pensions to split „pension insurance“ into a flat rate pension and a true social pension insurance. In the interests of the implementation of such a reform, at least partly, before the next general election, the paper focuses on the scheduling of this reform by means of the introduction of small and large pension reforms. We also devote attention to the related reform of the social security contributions and personal income taxation and the reform of the supplementary pension savings and building (Bauspar) savings schemes. The reform of the significantly deformed Czech pension system involves considerable responses in the state budget revenues. Our target is to develop an efficient pension system structure within a broader social policy framework.

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