Distribution of expected time of old-age pension receipt in Czechia
Distribution of expected time of old-age pension receipt in Czechia

Summary/Abstract: This paper presents a calculation of the estimated value of the time of old age pension receiptfor individual birth cohorts of Czech males and females born in the period 1900–2020. It isassumed that people start to receive the pension at the moment of reaching retirement ageand receive it until death. Starting with the birth cohort of 1966, two variants of retirementage determination are assumed: (a) a fixed retirement age threshold equal to 65 yearsfor both males and females; and (b) a flexible retirement age (equal for males and females)defined in such a way that the average time of pension receipt would be equal to onequarter of the total expected total life span of people reaching senior age. The averagelengths of pension receipt as well as the structure of adult persons from each birth cohortaccording to five-year time intervals of pension receipt (including the proportion of adultpersons not surviving until retirement age) in the future are presented. Cohort life tableswere used for calculations.

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