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Pension reform, as proposed by the present government CR
Straková, Kristýna ; Vybíralová, Ivana (advisor) ; Krebs, Vojtěch (referee)
For many years has been pension reform widely discussed topic by governments of the Czech republic representatives. Its final form has been for many years unclear unclear and approval of individual points faced opposition as each political party had different view. First major change came with decision of Constitutional Court that current pension system proclaimed little merit. Another major change, the implementation of capital pillar, is planned for 2013. Experts agree that no ideal pension system exists. Furthermore, government had to compromise to reach version that can pass. Final version of the pension reform will inevitably lead to increase in budget deficit, by 22 billion in 2020, compared with situation of not reforming the pension system at all.

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