Pension parameters ‘not attractive enough’

PF KB ’s Jirák: The pension reform plan still has too many unknowns, making it difficult to predict how many people will be interested

HOT TOP|Politics & Policy

Lukáš Novotný | 15.04.2011

CZE

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The best pension reform approach for the Czech Republic would be a mandatory second pillar, according to Penzijní fond Komerční banky’s Pavel Jirák

Penzijní fond Komerční banky head Pavel Jirák says right now it is difficult to guess whether shareholders in today’s funds will be interested in getting involved in the second pillar. One reason is that the detailed parameters of the system are not yet known. If too few people are interested in the second pillar, then banks will be reluctant to get involved.

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