Pension Liabilities in the Czech Republic

Abstract

The pension liabilities drew a wide attention due to ageing of population, especially the liabilities originating in the operation of the unfunded scheme (pay-as-you-go). Changing demographic situation and the interest of users gave rise to a request on the provision of a new data aiming to provide a basis for analysis and the decision-making of policy-makers. The purpose of this paper is to present the calculations of the total pension liabilities for the Czech Republic which were first released by the Czech Statistical Office in 2018. Besides, the paper presents a sensitive analysis and also compares the final figures internationally.

Keywords

• Pension liabilities
• pension systems
• ageing of population