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Pension reform for the future
[Důchodová reforma pro budoucnost]

Author

Listed:
  • Jiří Pochman

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.

Suggested Citation

  • Jiří Pochman, 2020. "Pension reform for the future [Důchodová reforma pro budoucnost]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2020(1), pages 63-82.
    • Handle: RePEc:prg:jnlcfu:v:2020:y:2020:i:1:id:540:p:63-82
    DOI: 10.18267/j.cfuc.540
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    References listed on IDEAS

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    1. World Bank, 2008. "The World Bank Pension Conceptual Framework," World Bank Publications - Reports 11139, The World Bank Group.
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    More about this item

    Keywords

    Pension reform; Pension system; Social security; Důchodová reforma; Důchodový systém; Sociální pojištění;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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