Reforms Refuse To Be Pensioned Off

September 2008
Emerging Europe Monitor: Central Europe & Baltic States;Sep2008, Vol. 15 Issue 9, p6
Country Report
The author reflects on the passage of the first stage of the pension reform package in the Czech Republic. The pension reform package will retain the pay-as-you-go pension system for the moment but has made important changes to the eligibility rules. The pension plan aims to create a fund-based pension system with taxpayers being given the right of partial opt-out from the scheme. The long-term fiscal health of the country will be greatly affected if the government fails to act quickly on the proposed pension package.


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