Document 71 - Amendment to the Act on Supplementary Pension Savings

Processed date: 17.12.2025 |Session 10

Submitters: Olga Richterová, Ivan Bartoš, Hana Ančincová, Barbora Pipášová, Lenka Martínková Španihelová, Martin Šmída, Samuel Volpe

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Summary

The law lowers the maximum fees for supplementary pension savings to increase the net returns to participants. It changes (lowers) the asset management fee cap from up to 1% to 0.4% per annum and unifies the performance fee cap to 10% of positive appreciation. At the same time, the coefficient for transformed funds is changed from 0.8 to 0.4, thereby aligning fees across the system. The effective date is 1 July 2026 and the law has no impact on the state budget.

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Additional documents

Additional document 1

Chamber Print 71/1 Government Opinion on Print 71/0

Processed date: 13.01.2026

The document contains the Government’s neutral position on the draft law reducing fees for supplementary pension savings. The government agrees with the objective of making fees fairer, but notes that the proposal only addresses selected issues without a comprehensive assessment of the impact on the stability and profitability of pension companies. It also warns against inappropriate comparisons in the explanatory memorandum and possible unintended consequences, such as capital flight, and recommends a wider expert debate.