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| rdf:type
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| Description
| - The World Bank pushed through a full privatization of the public insurance schemes in post-Communist countries from 1994, promising not only Averting the Old-Age Crisis but also promoting the economic growth. 5 years later the same bank declared this concept as “10 myths”. In between the concept of 50% privatization (Security through Diversity) was developed, degenerating to a partial privatization policy, with no more growth promises and with high transition costs, not speaking about the high administrative costs of the private provision of old-age security. The Czech public pillar is contributory and strongly progressive. According to official computations, applying the Aaron rule, the 2013 introduced opt-out of 3% of wages is advantageous for up to 50% of the potential, wealthier clients of the 2nd pillar. To make the opt-out (soft compulsion) more attractive the Ministry changed the pension calculator by reducing the prospective public pensions by up to 40%. These reductions have to finance the transition costs as well. The published and used sales arguments of the private pension funds explain e.g. the mandatory add-on 2% of wages to the opt-outed 3% of wages as the highest subsidization to the personal savings ever provided. In the end of April 2013 there were less than 32,000 participants of the 2nd pillar.
- The World Bank pushed through a full privatization of the public insurance schemes in post-Communist countries from 1994, promising not only Averting the Old-Age Crisis but also promoting the economic growth. 5 years later the same bank declared this concept as “10 myths”. In between the concept of 50% privatization (Security through Diversity) was developed, degenerating to a partial privatization policy, with no more growth promises and with high transition costs, not speaking about the high administrative costs of the private provision of old-age security. The Czech public pillar is contributory and strongly progressive. According to official computations, applying the Aaron rule, the 2013 introduced opt-out of 3% of wages is advantageous for up to 50% of the potential, wealthier clients of the 2nd pillar. To make the opt-out (soft compulsion) more attractive the Ministry changed the pension calculator by reducing the prospective public pensions by up to 40%. These reductions have to finance the transition costs as well. The published and used sales arguments of the private pension funds explain e.g. the mandatory add-on 2% of wages to the opt-outed 3% of wages as the highest subsidization to the personal savings ever provided. In the end of April 2013 there were less than 32,000 participants of the 2nd pillar. (en)
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| Title
| - Pension Reform in Czechia: soft compulsion myths and lies
- Pension Reform in Czechia: soft compulsion myths and lies (en)
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| skos:prefLabel
| - Pension Reform in Czechia: soft compulsion myths and lies
- Pension Reform in Czechia: soft compulsion myths and lies (en)
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| skos:notation
| - RIV/26138077:_____/13:#0000467!RIV14-MSM-26138077
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| http://linked.open...avai/predkladatel
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/26138077:_____/13:#0000467
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - Pension reform; Opt-out; Soft compulsion; Pension pillar (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...v/mistoKonaniAkce
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| http://linked.open...i/riv/mistoVydani
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| http://linked.open...i/riv/nazevZdroje
| - Pension Reforms - Comparison and Evaluation
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| http://linked.open...in/vavai/riv/obor
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| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...UplatneniVysledku
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| http://linked.open...iv/tvurceVysledku
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| http://linked.open...vavai/riv/typAkce
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| http://linked.open.../riv/zahajeniAkce
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| number of pages
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| http://purl.org/ne...btex#hasPublisher
| - Publishing House of Poznan University of Technology
|
| https://schema.org/isbn
| |
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