Final law
Scope: Part One–Part Three; § 28a–§ 191a; pages 1–5.
The Act expands the option of a one-time settlement for supplementary pension savings and, similarly, for supplementary pension insurance for certain participants with older contracts who have not yet met the standard conditions for payment. At the same time, it introduces transitional rules to ensure that affected participants do not lose their state contributions or their funds if their savings accounts were terminated in the interim period before the Act took effect. Due to this change, the tax regime is being amended in the Income Tax Act; the requirement to reach the age of 60 and the tax exemption for certain payments are now explicitly addressed. The result is easier access for some participants to a lump-sum payment and the elimination of the unfavorable tax and administrative impacts of the previous system.
Additional documents
Additional document 1
Government Opinion on Parliamentary Print No. 119/0
Processed date: 10.03.2026The Government has discussed the MPs’ draft amendment to the Supplementary Pension Savings Act and the Income Tax Act, which addresses the situation of participants in pension savings after they have been granted a retirement pension. The proposal is intended to allow these people to receive a lump-sum compensation and to adjust the tax regime so that they are not financially disadvantaged. The Government has taken a favourable view of the proposal. This supports changes aimed at removing disadvantages for some pension savers.
Additional document 2
Resolution of the RV on Print No. 119/0
Processed date: 07.04.2026The Budget Committee of the Chamber of Deputies discussed a bill amending the rules of supplementary pension savings and the Income Tax Act. After the debate, it recommended that the Chamber of Deputies approve the proposal. At the same time, it instructed the rapporteur to inform the plenary of this opinion and, in cooperation with the legislative department, to make any necessary legislative and technical adjustments.
Additional document 3
Amendments and other proposals to Parliamentary Print No. 119/0
Processed date: 17.04.2026The amendments modify the draft law on supplementary pension savings and related tax regulations. Part of the proposal deletes some transitional provisions and makes technical changes to the numbering. Other amendments modify the rules on charges in participating funds and reduce one rate from 0.8 to 0.4. The proposal also introduces definitions of private equity and venture capital funds and allows pension funds to invest in their securities up to a limit of 10% of assets, with a possible slight increase in the maximum management fee.
Additional document 4
Resolution of the RV on Print 119/0
Processed date: 30.04.2026This is a resolution of the Budget Committee on the amendment on supplementary pension savings and income taxes. After the second reading, the Committee proposed the order of voting in the third reading and recommended that the Chamber of Deputies not adopt all of the amendments A, B.1 and B.2. The document itself does not substantively change the content of the law, but sets out the procedural position of the guarantee committee for further discussion.
Proposals
We do not know whether the listed proposals were approved or declined.
Proposal 707
119 - 707 - Jan Jakob
The amendment modifies the draft law on supplementary pension savings so as to maintain the penalty-free exit of so-called “locked” participants from the system after the award of an old-age pension. At the same time, it abolishes provisions that were intended to retroactively compensate state contributions to people who have already left the scheme. The aim is to address only the situation of people who are effectively trapped in the scheme, not to compensate retrospectively for earlier individual decisions by participants. At the same time, the related tax exemption for these compensations is abolished, while the penalty-free exit tax regime is maintained.
Proposal 764
119 - 764 - Olga Richterová
The amendment reduces the maximum fees of pension companies in supplementary pension savings. The asset management fee limit for participating funds is unified and reduced from the current up to 1% to 0.4% per year and the maximum performance fee is reduced from 15% to 10% of the appreciation. At the same time, the coefficient for calculating the management fee for transformed funds is reduced from 0.8% to 0.4%. The aim is to reduce the costliness of the scheme and increase the net returns for pension scheme members.
Proposal 765
119 - 765 - Olga Richterová
The amendment extends the investment possibilities of occupational pension funds to securities of private equity and venture capital funds and introduces legal definitions of these funds. It also stipulates that these investments may account for a maximum of 10% of the assets of the participating fund. If their share reaches at least 5% of the fund’s assets, the maximum management fee may be increased by 0.2 percentage points. The proposal also allows for limited investments in shares traded on regulated markets even for a mandatory conservative fund.
Proposal 794
119 - 794 - Olga Richterová
The amendment extends the investment possibilities of participating funds of supplementary pension savings to securities of private equity and venture capital funds and introduces their legal definitions. It sets a limit that these investments may represent no more than 10% of the assets of the participating fund. If their share reaches at least 5%, the maximum management fee may be increased by 0.2 percentage points due to the higher management complexity. At the same time, it allows limited investments in shares traded on regulated EU or OECD markets, even in a mandatory conservative fund.