The Public Pension System in the Czech Republic from the Point of View of Public Finance

Bezdek Vladimir

No 257, Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: The Czech public pension system is fiscally unsustainable in the long run because of population ageing, which is particularly pronounced in the Czech Republic. Some parametrical adjustments have been implemented since the beginning of the 1990s, but in contrast to other central European transition countries, the Czech pension scheme is still awaiting a fundamental reform. An independent working group was established in 2004 to analyse the pension reform proposals of the main political parties, and is expected to finalise its analysis by mid-2005. Its results will ideally contribute to the pension reform process, although the timing of the pension reform remains uncertain owing to political considerations.

Keywords: public pension system; PAYG; pension debt (search for similar items in EconPapers)
JEL-codes: E62 (search for similar items in EconPapers)
Date: 2005-03
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Persistent link: http://EconPapers.repec.org/RePEc:hit:piedp1:257

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