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Pension reform for the future

Důchodová reforma pro budoucnost

Jiří Pochman

Český finanční a účetní časopis, 2020, vol. 2020, issue 1, 63-82

Abstract: This paper proposes fundamental changes in the Czech pension system, which would significantly help with the resolution of its problems with comprehensibility and long-term financial sustainability. Firstly, the paper introduces the basic characteristics of our pension system to the reader, including the procedure for calculating the old-age pension. Then, it explains why it is necessary to perform fundamental and particular changes in the pension system (i.e. to carry out a pension reform). Final and main part of the paper presents the proposed direction, which the reform of our pension system should take, and in general proposes measures that would make our pension system simple, comprehensible and financially sustainable in the future.

Keywords: Pension reform; Pension system; Social security; Důchodová reforma; Důchodový systém; Sociální pojištění (search for similar items in EconPapers)
JEL-codes: H55 J26 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.18267/j.cfuc.540

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