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OECD Reviews of Pension Systems: Czech Republic

This review provides policy recommendations on how to improve the Czech pension system, building on the OECD’s best practices in pension design. It details the Czech pension system and identifies its strengths and weaknesses based on cross-country comparisons. The Czech pension system consists of a mandatory pay-as-you-go public scheme and a voluntary private scheme. The public defined-benefit scheme has two main components: a contribution-based basic pension and an earnings-related pension. The review also describes the first layer of old-age social protection in the Czech Republic. The OECD Reviews of Pension Systems: Czech Republic is the sixth in the pension review series.

Published on November 19, 2020

In series:OECD Reviews of Pension Systemsview more titles

TABLE OF CONTENTS

Foreword
Executive summary
Mandatory earnings-related pensions
Assessing the financial impacts of ageing
First layer of social protection for older people
Voluntary funded pension arrangements
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