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  • The liberal, conservative, and social-democratic pension models basically differ in their philosophy and parameters. They agree on the obligation to have 1 - 2 pension pillars. The neoliberal pension model, with its construction, tries to combine individual choice (and liability, including the exposure to investment risk) with government regulation. This is difficult and associated with objectively high transition and overhead costs. To facilitate the reforms and increase the coverage, there methods of soft compulsion have been elaborated: opt-out, automatic enrolment, and matching contributions. Not only did the Czech pension reform of 2013 fail in respect of the coordination and regulation of all pension pillars and the two soft compulsion methods, but it also came at an absolutely inconvenient time. Czechia, in addition to others, may apply the model recommended by the World Bank.
  • The liberal, conservative, and social-democratic pension models basically differ in their philosophy and parameters. They agree on the obligation to have 1 - 2 pension pillars. The neoliberal pension model, with its construction, tries to combine individual choice (and liability, including the exposure to investment risk) with government regulation. This is difficult and associated with objectively high transition and overhead costs. To facilitate the reforms and increase the coverage, there methods of soft compulsion have been elaborated: opt-out, automatic enrolment, and matching contributions. Not only did the Czech pension reform of 2013 fail in respect of the coordination and regulation of all pension pillars and the two soft compulsion methods, but it also came at an absolutely inconvenient time. Czechia, in addition to others, may apply the model recommended by the World Bank. (en)
Title
  • Pensions: Hard, Soft or No Compulsion?
  • Pensions: Hard, Soft or No Compulsion? (en)
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  • Pensions: Hard, Soft or No Compulsion?
  • Pensions: Hard, Soft or No Compulsion? (en)
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  • RIV/26138077:_____/14:#0000466!RIV14-MSM-26138077
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  • 36076
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  • RIV/26138077:_____/14:#0000466
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  • Pension reform; Opt-out; Mandatory savings; Social insurance; Soft compulsion (en)
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http://linked.open...ontrolniKodProRIV
  • [6584CD19FC0B]
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  • Šlapanice
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  • 18th International Conference Current Trends in Public Sector Research
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  • Vostatek, Jaroslav
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number of pages
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  • Masarykova univerzita
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  • 978-80-210-6611-3
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