Review of the Czech State Pensions and Their Indexation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F15%3A%230000868" target="_blank" >RIV/26138077:_____/15:#0000868 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Review of the Czech State Pensions and Their Indexation
Original language description
Czech ?pension insurance? is predominantly a Beveridgean pension scheme, due to the flat-rate ?basic amount? of the pension and due to the bend points used for substantial reduction of the relation of the pensions to the earnings of the insureds, with the ?percentage amount? of the pension. Five years ago, the Constitutional Court of the Czech Republic concluded that the (social) pension insurance should basically be a Bismarckian scheme and cancelled the bend points. The government of that time did notagree, however, instead of a radical reform (for which there was not enough time) it (re)introduced a simplified version of bend points, decreasing the index of pension progressivity only by less than 10 percentage points, and parametrized the basic amount of the pensions to 9% of the average national wage. Czech state pensions are financed from taxes, including the ?premiums for pension insurance?. State pensions arethus a public expenditure program and our analysis indicates that basi
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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