Non-contributory periods - a significant element of the czech pension reform

Bibliographic Data

ID6108802
AuthorsMartin Holub (0000-0002-2044-0455, Research Institute for Labour and Social Affairs, corresponding author)
Year2009
Volume57
Issue4
Pages471-494
Publication date2009-08-01
Open AccessYes
TypeARTICLE
VenuePolitická ekonomie (JOURNAL)
Journal identifiersISSN: 0032-3233 • E-ISSN: 2336-8225
PublisherPrague University of Economics and Business (PUBLISHER • CZ)
DOI10.18267/j.polek.694
OpenAlexW2335231572
LanguageEN
Citations received1
References cited5

Non-contributory periods is one of the key issues in the public discussion on the planned reform of the pension system in the Czech Republic. This article focuses on a detailed analysis of non-contributory periods in the Czech pension system and their impact on pension system balance and micro and macro economic connections. The extent of non-contributory periods considered in the pension system represents one of the theoretical possibilities of parametric changes to the pension insurance system. The amount of non-contributory periods or the proportion between non-contributory periods and years worked, or the proportion between paid insurance and non-contributory periods (potential loss of insurance contributions) has, to date, merely been estimated in the Czech Republic. The study presents the first accurate figures, based on unique individual data on insured persons. The analysis reveals that non-contributory periods are a significant element of the Czech pension system amounting to 22.4% of the total insurance period. The average duration of non-contributory periods for current pensioners is 8.7 years

Actuarial science · Balance (ability) · Business · Czech · Demographic economics · Economics · Pension · Pension insurance · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Medicine · Retirement, Disability, and Employment

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