Jakou reformu penzí pro ČR a proč?
What type of pension reform for the Czech Republic and why?

Summary/Abstract: The article addresses the topic of pension reform in the Czech Republic. The article views the current state of the discussion as an opportunity for the consideration of economic theory that is able to detach itself from the interests-led and ideological background of conflicts of opinion and contribute towards determining an effective and socially just solution. The aim of the paper is to point out the risks of certain approaches, to attempt to quantify selected alternatives through modelling and to highlight the wider context of pension system reform. The authors propose the application of so-called postgraduate upgrades to the current pension insurance system, i.e. the use of hitherto unexploited options that a more effectively designed system could offer both to persons of pre-retirement age and, especially, to those who are already entitled to claim the retirement pension. The proposal emphasises the potential for extending the period of the productive employment of persons in the professional market via the reinforcing of the corresponding motivational elements including health insurance system components. The authors believe that their concept offers the potential both to significantly improve the income balance of future pensioners and to lessen the negative impacts of the approaching demographic crisis on public finances even as soon as by the end of the present decade.

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