Systém důchodového zabezpečení v ČR

For my bachelor thesis I chose a topic that describes Czech pension system. Due to considerable possibilities of this topic I decided to focus on several chosen themes. In the first part I described the pension funds that had operated in the Czech republic before the pension reform took place and which had also institutionally insured that capital financing had existed in the Czech republic. Additional pension insurance was also mentioned along with investing posibilities of the pension funds. In the next part I concentrated on the present situation of Czech pension system. In this part I mentioned pros and cons of the PAY-AS-YOU-GO system and the changes that occured in the private financing of the needs in old age. These changes were caused by the pension reform. In the final part I focused on the analysis of the market of the pension institutions. In this part I described all the pension institutions that operate in the Czech republic, what products they offer their clients and what market share each of them has. Trasnsformation funds, participation funds and retirement funds and their market shares were also mentioned and focused on in this part. Then I decided to make a thorough trend analysis of the participants of the third pillar of Czech pension system from 1995 till now. It was concluded from the evidence given by this analysis how much we can rely on the third pillar in the future. Last of all I mentioned the likely future of the second pillar of Czech pension system and some possible alternatives of transferring the money from the retirement funds.