Document 270 - Amendment to the Pension Insurance Act

Scope: Part One–Part Four; § 19a–§ 86a; pages 1–26.

The bill amends the pension insurance rules primarily to benefit older individuals and working retirees. It introduces an age-based pension increase starting at age 80 and every five years thereafter, instead of the current increase starting only at age 85; at the same time, starting in 2028, the increase in the old-age pension for additional gainful employment will be reinstated and automated. The law also explicitly allows pensions to be paid abroad in a currency other than the Czech koruna and stipulates that the recipient bears the costs of currency conversion. At the same time, it requires employers to resubmit data on working old-age pensioners so that these increases can be applied automatically.