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Fondové pilíře důchodových systémů zemí V4 a jejich produkty
Šteffková, Klára
The thesis is focused on the functioning of pension systems in Visegrad countries, especially on the importance of the particular funded pillars within these systems. The whole pension system is analysed for each country, including the general comparison with focusing on the funded pillars and their products. The comparison is based on selected criteria. This thorough comparison then helps to form the suggestions for funded pillars in Czech Republic, which could lead up to improvement of the current situation regarding the social security in our country.
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Simulation of pension reform impact on Czech real estate market
Součková, Soňa ; Jandík, Tomáš (advisor) ; Hedbávný, Petr (referee)
Diplomová práce - Soňa Součková: Simulation of pension reform impact on real estate market Abstract The objective of this thesis is to estimate the impact of pension reform on commercial property market in the Czech Republic during the period of 2013 -2017. Our hypothesis is that a potential pension reform would have a positive significant impact on property investment volumes via institutions constituting the second pillar. In the first step, we provide analysis of pension reforms recently applied in Slovakia, Hungary, Poland, Lithuania, Latvia and Estonia. Given analysis of selected countries and specifics of the proposed Czech pension reform, we estimate that the institutions in the second pillar may face additional yearly cash inflows beginning on EUR 1.23 billion in 2013 and further increasing to EUR 2.59 billion in 2017. Furthermore, we estimate that a likely share allocation by second pillar institutions into real estate would lie in the region of 0 - 14% depending on the discrete decision of the regulators. Using a conservative leverage of 40% for bank financing, we estimate that the expected investment volumes allocated by second pillar institutions into real estate would be EUR 61 - 287 million in year 2013. Given the average investment volumes of EUR 1334 million p.a. allocated into commercial...
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Pensions Funds in the Czech Republic and their Effectiveness
KOKTOVÁ, Markéta
This thesis deals with the pension system in the Czech Republic and the possibility of saving money, for retirement, at pension funds. It especially focuses on the characteristics of participating pension funds. The main goal of this thesis is to assess the current offer of pension funds which are available on the market and to determine whether this way of saving money is effective. This thesis consists of two parts. The first, theoretical part, approaches the issue of the pension system in the Czech Republic. It also focuses on the characteristics of additional pension savings. Second part, the practical one, is dedicated to evaluation of current offer, of all participating pension funds on the Czech market, and it also is dedicated to an analysis of its effectiveness. The effectiveness analysis shows that for a participant it is effective to save for retirement with use of pension funds, because it was found out, that in comparison with the selected alternative savings products (a saving account and a building saving), it is possible to achieve significantly higher yields trough pension funds.
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