Český penzijní systém a návrhy na jeho parametrické změny

The bachelor's thesis researches the settings of the Czech pension system. The author tries to identify the weaknesses of Czech pension provision and provides proposals for their solutions. In the practical part, the author summarize the future risks based on the analysis of demographic development. He analyses chosen social issues and after that he provides the recommendations for their solutions. The main value add of this thesis is an analysis of the three proposed pension reform options presented by the newly established Fair Pensions Commission. The individual variants have been compared with the current possibilities in terms of social principles. The author emphasizes financial demands of all those reforms and their sustainability for the future. The conclusions based on the demographic changes demonstrate, that it will be necessary to reduce spending on old-age pensions, or to change the current PAYG system to other kind of financing, but both possibilities will lead to higher expenses.