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. After 2030 childless women, mothers with one child and men
should retire at 65; women with two or more children at 62 to 64. Currently men
retire approximately at 61, chi
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