Amendments to the Pension Insurance Act are being discussed at the Czech Parliament's Lower House. For the government, this is the first step towards long-term stability for the old age pension system. This article written by Alena Brichackoca, lawyer at the Peterka & Partners firm in Prague, lists the reform's main novelties. (Ref. 080259)
The bill
prepared by the government did not lead to a consensus with the opposition and
the trade unions also opposed it. This bill concerns all types of pensioners and
plans, notably:
- Gradual
retirement age rise. Retirement age
is intended to be raised gradually, annually by two and four months for men and
women respectively.
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