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Illustrative photo: Hana Tichá, Flickr, CC BY-NC 2.0 The Ministry of Labour and Social Affairs this week presented a pension reform proposal, which envisages a basic pension of CZK 10,000 for everyone who has worked for 25 years and has the pension insurance contributions for the required number of years. Jana Maláčová, photo: Archive of the Office of the Government of the Czech Republic The plan was presented on Thursday at a press conference by the Minister of Labour and Social Affairs Jana Maláčová and the chairwoman of the government’s pension committee, Danuše Nerudová. Within the reform, the current public pension system would be divided into two pillars. One would be used for paying out a basic pension, while the other for the rest of the pension, calculated according to the number of years worked and, in case of women, the number of children raised.

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