Komparace penzijních systému České republiky a Austrálie k roku 2019

The bachelor thesis is concerned with the comparison of the pension systems of the Czech Republic and Australia, with the aim of proposing recommendations for the Czech pension system. This thesis is based on using the method of literary research, analysis of demographic and socio-economic indicators and SWOT analysis. Both countries will be facing unfavourable demographic Both countries will be facing adverse demographic development in the future, although Australia is expected to have more moderate course.The Czech pension system is based on a pay-as-you-go (PAYG) 1st pillar, while the Australian system underwent a significant reform in the 1990s, which significantly strengthened the private 2nd pillar based on compulsory employer contributions. The analysis shows that the Czech system provides a higher net pension replacement rate than the Australian system, however, it can be expected that this situation will reverse over time. The Australian pension system is better protected against the aging trend of the population, and it will take some time for the changes to be fully reflected in the pension replacement rate. On the contrary, the Czech system is not well secured against population aging and its reform would be appropriate. The main recommendations for the Czech pension system are primarily the reintroduction of the 2nd pillar and strengthening the amount of contributions in the 3rd pillar.