Czech Finance Minister seeks overhauled pension programme by 2012

clock

CZECH REPUBLIC - Czech Finance Minister Miroslav Kalousek wants changes to the pension program, aimed at reducing the fiscal deficit and improving the country's credit rating, to take effect by 2012.

"My ideal plan is for the reform to take effect from 2012, and the legislative process should start at the beginning of 2011," Kalousek wrote today in response to e-mailed questions. Prime Minis...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Czech Republic

Czech Premier mulls 'low-cost' state pension fund in revamp

CZECH REPUBLIC - The Czech government is considering setting up a "low-cost" state-run pension fund to oversee people's retirement savings which may put pressure on private pension managers to keep fees low.

Peter Laca at Bloomberg News
clock 22 March 2011 •

Czech pension plan positive for stocks, bonds, Nomura says

CZECH REPUBLIC - Czech pension-overhaul plans are positive for stocks, bonds and the koruna and may help the country win a higher credit rating, Nomura International said.

Agnes Lovasz at Bloomberg News
clock 23 February 2011 •

Czech Republic approaching agreement on pension overhaul

CZECH REPUBLIC - Prime Minister Petr Necas said the three ruling-coalition parties have moved closer to an agreement on how to overhaul the pension system which he sees as the "crucial" task for the government.

Peter Laca at Bloomberg News
clock 31 January 2011 •
Trustpilot