OECD Review of Czech Pension System: cui bono?
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F21%3A%230000842" target="_blank" >RIV/04274644:_____/21:#0000842 - isvavai.cz</a>
Výsledek na webu
<a href="https://www.slu.cz/opf/cz/evsesceewelcome" target="_blank" >https://www.slu.cz/opf/cz/evsesceewelcome</a>
DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
OECD Review of Czech Pension System: cui bono?
Popis výsledku v původním jazyce
The OECD has reviewed the Czech pension system on request of the Czech government, using its specific taxonomy of “pension tiers” that is (shall be) descriptive (not prescriptive) and consistent over a range of countries; The first two OECD tiers are mandatory: a redistributive public tier and an insurance public and/or private tier. The team agrees to the simplification of the benefit formula of the Czech public old-age pension; the basic pension benefit may be adjusted to achieve (political) redistributive objectives. The team dramatically recommends reducing drastically the minimum number of years required to be eligible to both the basic pension and the earnings-related component at the statutory retirement age. The social assistance benefit level shall be indexed to nominal wage growth. A higher social assistance benefit level shall be introduced for people reaching the statutory retirement age. The third pension tier in the OECD taxonomy are all “voluntary pension arrangements” including occupational pension schemes. In Czechia, the occupational pension schemes are practically prohibited due to former ultra-liberal governments. The OECD Review recommends introducing them in a UK or US manner or upgrade the Czech third pillar to the same extent. The OECD thus ignores the specific role of the personal pension schemes worldwide and tries to push through a large neo-liberal reform of the Czech ineffective third pension pillar. We may only decide to choose between the occupational and personal coats of the same neo-liberal solutions which are classified as “soft compulsion” arrangements by disinterested experts. The OECD approach is here very “prescriptive”, it demands a substantial “diversification” of funds into ineffective “voluntary pension arrangements”.
Název v anglickém jazyce
OECD Review of Czech Pension System: cui bono?
Popis výsledku anglicky
The OECD has reviewed the Czech pension system on request of the Czech government, using its specific taxonomy of “pension tiers” that is (shall be) descriptive (not prescriptive) and consistent over a range of countries; The first two OECD tiers are mandatory: a redistributive public tier and an insurance public and/or private tier. The team agrees to the simplification of the benefit formula of the Czech public old-age pension; the basic pension benefit may be adjusted to achieve (political) redistributive objectives. The team dramatically recommends reducing drastically the minimum number of years required to be eligible to both the basic pension and the earnings-related component at the statutory retirement age. The social assistance benefit level shall be indexed to nominal wage growth. A higher social assistance benefit level shall be introduced for people reaching the statutory retirement age. The third pension tier in the OECD taxonomy are all “voluntary pension arrangements” including occupational pension schemes. In Czechia, the occupational pension schemes are practically prohibited due to former ultra-liberal governments. The OECD Review recommends introducing them in a UK or US manner or upgrade the Czech third pillar to the same extent. The OECD thus ignores the specific role of the personal pension schemes worldwide and tries to push through a large neo-liberal reform of the Czech ineffective third pension pillar. We may only decide to choose between the occupational and personal coats of the same neo-liberal solutions which are classified as “soft compulsion” arrangements by disinterested experts. The OECD approach is here very “prescriptive”, it demands a substantial “diversification” of funds into ineffective “voluntary pension arrangements”.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
50200 - Economics and Business
Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2021
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Proceedings of International Conference Economic and Societal Challenges of the European Economy (Covid and Post-Covid Period)
ISBN
9788075104885
ISSN
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e-ISSN
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Počet stran výsledku
12
Strana od-do
192-203
Název nakladatele
Silesian University
Místo vydání
Karviná
Místo konání akce
Petrovice u Karviné
Datum konání akce
1. 1. 2021
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
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