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Mandatory spending of Czech Republic - development of pensions and pension reform
Čichovská, Tereza ; Urbánek, Václav (advisor) ; Kubík, Rudolf (referee)
This bachelor thesis is elaborated with regard to problems of mandatory spending along with a main view to social transfers which belong to a statutory division of mandatory spending. The chapters are divided into several parts such as mandatory spending mentioned above, its structure, subdivision and development in the last couple of years. The next part characterizes every single benefit of pension insurance in term of claims, amount and subsequent payment. There can be also found a mention concerning pension system and participation in pension insurance. The next chapter analyzes the development of each pension (old-age) insurance benefit and the main indicators essentially influencing the development in years 1998--2008 are featured. Progression of every pension is supplemented with a chart. Pension reform is involved in conclusion where the development of particular pension is briefly quoted, proposals are mentioned and a commentary is attached in order to consider the pros and cons of changes implement. There is indicated an important fact regarding the rebuilging of Bezděks commission which creates some possible variants of pension reform.
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Old-age pension expenditures in the Czech Republic
Kolísková, Lucie ; Urbánek, Václav (advisor) ; Kubík, Rudolf (referee)
This bachelor project deals with the description and analysis of pensions in the Czech Republic, which are the most important item in the volume of expenditures of the central state budget. This expenditure is specific for its dynamic increase and its growing proportion on mandatory expenditures. It represents significant drain in the expenditure side of the central state budget and that is the main reason why the problems of the old-age pension system in the Czech Republic are relevant issue. In the first part of the work public and mandatory expenditures, in which pensions occupy the most significant dimension, are generally specified. In this part of work development of total expenditures, revenues of the central state budget and also dynamics of development of the mandatory expenditures are being analyzed. In the second part of work the czech old-age pension system is characterized. There is also presented the system managing and individual pensions analysis aiming to old-age pensions. Factors which are the source of problems and financial destability are also defined in this part of the work. The last part of the project is concerned with the description and evaluation of possible solutions focused to reform the old-age pension system, which is according to acquired facts in the Czech Republic inevitable.
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Swedish pension system - the inspiration for Czech pension reform
Nejedlá, Lucie ; Dočkal, Dalibor (advisor) ; Šmíd, Jan (referee)
Demographic changes in age structure of czech population brings a number of problems relating to the financial sustainability of the pension system. The pension system in the Czech Republic consists of two pillars. The first pillar is mandatory, state-guaranteed and continuously funded. The second pillar (pension additional insurance) is a voluntary. The problems of financial sustainability of pension systems must be solved. Demographic changes are not only in the Czech republic but in almost all developed countries. CR has an opportunity to monitor the actions of other countries and inspired to find a solution. Successful reform has already been in the Sweden.
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Comparison of insurance products in the Czech market
Šlechtová, Jana ; Drozen, František (advisor) ; Filipová, Vladimíra (referee)
The diploma thesis is focused on area of life insurance. First part explains main role of life insurance and defines its types. It includes information about development trends in the insurance market. The gist of the thesis is comparison of life insurance (unit linked insurace) products of five czech biggest insurance companies. Next part describes motivation of consumers to insure themselves. It also points out the rival products. Last part focuses on pension reform and how life insurance is connected with this reform.
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Analysis of pension security in the Slovak Republic
Korniet, David ; Chalupníček, Pavel (advisor) ; Štěpánek, Pavel (referee)
The main subject of this thesis is pension security in the Slovak Republic. At the beginning of my work I am describing the state and the structure of pension system before the reform in 2004. In comparison with the new model I am pointing out the deficiencies of the former system. The analytical part of my work deals with the importance of particular factors, which affect the amount of future pensions. I focused specifically on the role of government in pension system and the impact which the different social politics can have on the performance and the efficiency of this system. At the end of my work I am evaluating the actual state of reformed system and its impact on public finances.
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Solidarity and equivalence in social insurance system
Běloch, Petr ; Krebs, Vojtěch (advisor) ; Vybíralová, Ivana (referee)
Solidarity and equivalence are basic principles on which is built not only social policy, but also the underlying structure of society as a whole. If the people's look at these principles doesn't correspond to their integration in social security systems, people find it as unjust and the social policy as illegitimate. It will be a task for new government elected in 2010 to solve long lasting problems derived from negative impacts of aging society together with more legitimate setting of solidarity and equivalence. This work analyzes income inequality in Czech Republic compared with other countries, follows the development of replacement rate of retirement pay to wage in time and in comparison with the level of previous income. The work compares the observed data with people's views on the pension system which are presented in the public opinion research. Next part compares two different approaches to solve the "pension crisis" -- the Swedish system of virtual accounts and the Chilean fully funded scheme -- and outlines a new pension system, which doesn't create explicit costs during transition from the current system, increases the involvement of merit principle, supresses excessive redistribution and thus constitutes a long-term sustainable system solution.
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Formation of client´s financial portfolio
Salai, Ondřej ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The topic that is shared by everyone is taking care of personal finances. Whether we like it or not, we have to solve it in present time, because of the negative later consequences. By the time, when we still are influenced from the effects of financial crisis, we need an ability to manage our financial assets more than important. Situation like this should give a signal to educate ourselves and get interest in it. The primary is not to apply the knowledge gained in professional life, but using knowledge can gain some personal savings. I take a closer look on a way how to organize your personal finances in portfolio as much as corresponded with the financial possibilities and objectives of investing ideas. I focused especially on those questions in life, which people are confranted with most often; such as how to deal with unexpected absence of income, how to provide for your own housing, why its important to worry about pensions and gathering financial reserves and when to commence investments and riskier instruments. In the next section, I will concentrate on particular products from the field of insurance, banking and investment that can be used in the making of personal financial portfolio. I decided to involve this section in my paper in order to avoid discussing only creating the financial plan but also to be able to figure out Instruments can create such a plan in real life. In the last section 'Example from real life'; my aim was to apply the facts from section one and two on a particular example of an imaginary family. The analysed portfolio is based on a real-life scenario but the one used in the dissertation is for demostration purposes only. While writing my dissertation I have used the knowledge I have gained from working as a financial consultant and obviously the academic texts in order to justify my arguments from the academical perspective.
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