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@misc{39393,
author = {Vostatek, Jaroslav},
address = {Prague},
keywords = {flat rate pension, social pension insurance, social security contributions, personal pensions, personal income tax},
language = {eng},
location = {Prague},
publisher = {University of Finance and Administration},
title = {Czech pension (non-)system requires many reforms},
year = {2020}
}
TY - GEN
ID - 39393
AU - Vostatek, Jaroslav
PY - 2020
TI - Czech pension (non-)system requires many reforms
VL - 2020
PB - University of Finance and Administration
CY - Prague
KW - flat rate pension, social pension insurance, social security contributions, personal pensions, personal income tax
N2 - The complicated and incomprehensible Czech pension system seems to be an ideal material for a marketing pension policy and for lobbying. Thus, we have a public “pension insurance” which is an insurance from some 30 percentages. And we have a further allegedly “third” pension pillar, “supplementary pension savings” which is, due to high state support (or rather lobbying and may be corruption), actually a “second” pension pillar already today; the superfluous pension companies would like to refine it e.g. by introduction of mandatory employer contributions, using for example the newest Polish model. Will Czechia be successful in turning these trends? We keep hopes alive because the existing Commission for Fair Pensions aims to split the “pension insurance” into a flat rate pension and a true social pension insurance. In the interest in realizing such a reform even partly before the elections the paper focuses on scheduling this reform: to a small and large pension reforms. We pay attention also to the related reforms of the social security contributions, personal income taxation, as well as of the supplementary pension savings and the related building (Bauspar) savings. The reform of the greatly deformed Czech pension system involves considerable responses in the state budget receipts. Our target is an efficient structure of the pension system in a broader framework of the social policy
ER -
VOSTATEK, Jaroslav. \textit{Czech pension (non-)system requires many reforms}. Prague: University of Finance and Administration. 20 s. 2020. 2020.
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