Analýza udržitelnosti průběžného důchodového pilíře v ČR v roce 2017

This thesis examines the current situation and settings of pension system in Czech Republic. Taking into the account the predicted demographic trends and experiences with foreign pension reforms and their applications, thesis is analyzing the potential future development of each pension pillar in Czech Republic. The main source of experiences with the pension reforms comes from the 1981 reform conducted in Chile. Theoretical part of the thesis is concerned about the characteristics of pension models and their comparison, as the historical use of these models is essential to understand the difference between the solidarity and equivalence principals. The main aim of the thesis is to identify potential impact of possible alternations of Czech pension system to the incomes and costs of the national budget. This thesis is trying to analyze potential impacts of such changes to the individual consumption levels, with the help of basic microeconomic models of consumption. Which is trying to explain and predict changes of the aggregated levels of consumption and their impact on the GDP. Future demografic changes will lead to an increase of neccessary contributions of state towards the pension fond. Possible solutions of such development are seen for instance in increasing the minimal age required for pension or increased social insurance. This work concentrates on the alternative way, cosidering changes in pension system, while considering an option of gaining pension funding through tax incomes.