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Pension reform in the Czech Republic: analysis of current status of the second pillar
Bílek, Vojtěch ; Prachař, Ondřej (advisor) ; Štípek, Vladimír (referee)
The subject of this bachelor thesis is the reform of Czech Republic pension system, primarily its second pillar which was introduced in 2013. First part of thesis is focused on the characteristics of pension systems according to selected criteria, followed by the description of the system in Czech Republic prior to the pension reform and reasons for the need of the pension reform. The main part is concentrated on the second pillar, analysis of the current state of the second pillar supported by the findings of questionnaire survey which seeks to expose possible reasons of the pillar's failure, compared with opinions of experts. The conclusion of the thesis is trying to propose a future development of the second pillar in Czech Republic based on the knowledge acquired by neighboring countries.
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Determinants of entry of inhabitants of the Czech Republic to the second pillar of pension reform
Jetmar, Jan ; Vostrovská, Zdenka (advisor) ; Krebs, Vojtěch (referee)
This thesis summarizes, compares and analyses determinants with the major influence on the decision-making process of a potential participant of the second pillar of pension reform in the Czech Republic. This was achieved by using the method of interviews with financial institution employees which arranged the savings in the second pillar. Based on theoretical knowledge there were six aspects that have been identified with a potential to take part in the decision-making process of participant -- political risks, awareness, experience with foreign countries, voluntariness, yields on capital markets and financial situation, reluctance of entry and alternative investment. By using this method the political risks has been detected as the most important determinant linked with negative campaign of opposition and distrust in political establishment. The experience with foreign countries has shown as insignificant factor. The value added by this study consists in application this method on the topic of second pillar entrance.
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Analysis of the results of the current pension reform by the end of 2013 and the comparison of their possible alternative solutions
Baxa, Daniel ; Pavlíček, Tomáš (advisor) ; Prachař, Ondřej (referee)
My bachelor thesis analyzes the existing results of the current pension reform after the first year since its inception, i.e. its state as of the end of the year 2013. My work focuses on the current results, which the pension reform has achieved since its creation, it evaluates the numbers of participants, their composition, and last but not least, their influence on the feasibility of the entire II. Pillar. Considering the negative results of the achievements of the reform in comparison to its expected goals, my work also delivers suggestions for steps toward improvement, which can be applied as rectification of the current state of the reform. As such, the thesis outlines and compares steps which must be taken immediately after the demise of the II pillar of pension reform, and further compares proposals of solutions which can be taken into account as alternatives for the reform of the pension system, whereby foreign solutions are also considered. The consequence of this thesis can be a recommendation as to how to deal with the current condition of the pension reform, so that negative impacts of its failure can be eliminated as soon as possible. The conclusion of the thesis attempts to also provide a positive view of pension reform.
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Options for the future direction of the Czech pension system in the light of the Slovak pension reform
Žampach, Martin ; Prachař, Ondřej (advisor) ; Strnad, Petr (referee)
This bachelor thesis analyses the impact of reforms in the czech pension system. It deals with the development and current status of pillars of pension insurance in Czech and Slovak republic which has been changing significantly throughout the past few years. The focus is mainly on the second pillar of pension insurance which was expected to restore the long term sustainability that has been diminished by demographic changes. Unlike in Slovakia the pillar has not been very popular among Czech citizens. The main goal is to present a solution that will guarantee long term sustainability of the first pillar and will also motivate citizens to enter the second pillar. Solution is to do another parametric adjustment of runnig system. The second pillar is need to be set as mandatory with possibilities of exiting after a certain time, also need to be involved by imployers, extended by another types of payments and better informed from government. To achieve the desired goal methods of comparative analysis of Czech and Slovakian pension system is used.
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Benefit analysis of fully-founded pillar of pension system in Slovakia for selected population groups (2005-2014)
Pantoflíček, Ondřej ; Brabec, Petr (advisor) ; Zeman, Martin (referee)
Pension system of the Slovak republic received positive evaluation and admiration from many European and world institutions after its reform in 2005. Since then the system went through significant legislative changes that affect its appearance and functioning. In the bachelor thesis I do analyse the profitability of entry to the fully-funded pillar of pension's system and compare the replacement rate of pensions from the PAYG system. Furthermore, I discuss these calculations and suggest possible steps to improve setting of the system. The work suggests that entry into a fully-funded system is not profitable for residents of the Slovak republic because of setting up the principle of merit in the state pillar and the pension system should undergo further parametric adjustments.
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Pension reform in the Czech Republic and demographic development
Vašíčková, Kateřina ; Poláková, Olga (advisor) ; Brabec, Petr (referee)
The paper work is focused on the issue of pension reform, which has been recently made in the Czech Republic. The first part of the paper describes the pension systems, their types and differences among them. Further the work is dedicated to progressive development of the pension system. It is focused on the signifficant changes that were made within the so-called Small and Big pension reform and introduces the versions of the pension reforms of particular political parties based on Bezděk report's conclusion. Further the work analyzes the factors, which have impact on the progress of the pension system with focus on future trens of demographic development. In conclusion the paper work evaluates the fullfilment of the goals set by the government and describes the results, which the reform has brought in two years of its functioning.
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Is it appropriate to cancel the second pillar of the current pension system in the Czech Republic?
Sikyta, Vojtěch ; Prachař, Ondřej (advisor) ; Barák, Vladimír (referee)
The main subject of this bachelor thesis is the pension system in Czech Republic, primarily its second pillar which was introduced in 2013. First part of thesis is focused on the characteristics of pension systems divided into selected criteria, followed by the description of historical progression of the system in Czech Republic. This progression led the spring of this thesis to the reasons which has led to needs of a change. This part is followed by analysis of reforms in past years. The main part of this thesis is focused on the second pension pillar and analysis of its failure in the Czech Republic, compared to the other countries in V4 group. Constituent part of the main section is also made by general analysis of a second pillar. Answer to the question of cancellation of the second pension pillar is based on those analysis. Last part of this thesis is focused on proposing changes which should be covered in designing of the future progression of the Czech pension system.
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Dopady anuitnej novely na dôchodkový systém v Slovenskej republike
Dvořáková, Lucia
This bachelor thesis engages in the study of the participation on the defined con-tribution pension system in the Slovak republic and its goal is to find out whether the participation of the savings in the second pillar is even profitable. The theoretical part will be dedicated to the development of the pension system in the Slovak republic. Secondly, theoretical knowledge will be applied to the calculations of the pensions system. Results from the first and the second pillars of the pensions system are compared and analysed to look at the different amounts of pension received between the two pillars, and a lower wage cut-off point is calculated, defining at which point the second pillar pension contribution scheme becomes profitable.
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Zaměstnanecké penzijní fondy z pohledu zaměstnavatelů
Filipčíková, Veronika
Filipčíková,V. Occupational pension funds from an employer's perspective. Bachelor thesis. Brno: Mendel University in Brno, 2014. This bachelor thesis deals with the changes brought by pension occupational schemes application, well known from the Netherlands, into the Czech pension system. The first part describes the pillar system in the Netherlands and after that in the Czech Republic. The practical part is based on the comparison of the Czech and Dutch pension system and the state budgets. The final section consideres gained knowledge, determines recommendation for the establishment and functioning of the pension occupational schemes in the Czech Rand specifies the advantages and disadvantages resulting for the employers.
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Penzijní reforma v České republice v období 2012-2013
Palátová, Petra
PALÁTOVÁ, P. Pension reform in the Czech republic in 2012-2013. Diploma thesis. Brno: MENDELU, 2014. The diploma thesis deals with Czech pension reform during years 2012-2013. Firstly, there is the analysis of the reform with (dis)advantages of pension savings (the second pillar). The thesis also includes survey research through question-naires. First survey follows up the attitude of Czech people to the reform and mostly to the second pillar. Second survey deals with motivation of financial advisors to prioritize alternative financial products instead of pension savings. Because of that, there is also analysis of alternative financial products including their evolution through the years 2012-13. In the end, there are recommendations given. They are devoted to business policy-makers including effective way of reform communication.
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