Pension reform draft ready
The Ministry of Labour and Social Affairs has said it has prepared a first draft of a pension reform bill. Minister Petr Necas told reporters on Thursday that the bill entails a foundation of a special pension fund, a continuing increase of retirement age and a cap on payments. He also said that the proposal needs to be discussed with other parties but work on a reform should start immediately owing to the aging of the Czech population. In the last election term, five major parties discussed a pension reform but with no result.