Prague, July 10 (CTK) – More than one in five Czechs get retired prematurely in the Czech Republic and 498,500 were receiving a lower premature pension in March, according to the latest data of the Czech Social Security Administration (CSSZ).
The law on premature pension has taken effect in 1994.
The average monthly pension is 11,300 crowns, while the average premature monthly pension is 10,100 crowns.
The Czech retirement age is 63 years for men and 62 years for childless women, while mothers get retired sooner, based on the number of children they raised. People may get retired up to three years earlier if they want.
Every year, the retirement age for men is extended by two months for men and four months for women.
In March 2015, 228,400 men and 270,100 women received from the state a premature pension of 11,227 crowns and 9124 crowns a month, respectively.
A pension is lowered by every three months that remain to reach the retirement age. If people retire one year before their retirement age, their pension will be permanently lowered by 3.6 percent, and if they use the opportunity to retire the maximum of three years before reaching the retirement age, their pension will be about 16 percent lower.
A SC&C agency’s poll conducted for the Alternativa 50+ group showed that people mostly go into retirement because they lost their job. Two out of five people retired because they were dismissed and one out of six retired because of their bad health.
Number of premature pensions and the average premature and regular monthly pensions (in crowns) in 2000-2015:
Year New premature pensions All premature pensions Average premature pension Average regular pension
2000 46,966 147,073 5943 6292
2003 17,472 207,439 6432 7075
2004 27,194 228,920 6537 7270
2005 23,202 246,054 6914 7744
2006 27,864 267,034 7241 8187
2007 31,811 291,181 7699 8747
2008 35,461 318,181 8538 9638
2009 42,243 350,829 8904 10,045
2010 39,422 379,387 8989 10,123
2011 80,373 446,532 9460 10,552
2012 27,852 463,048 9641 10,778
2013 27,309 477,278 9806 10,970
2014 31,304 494,169 9893 11,075
March 2015 7975 498,493 10,088 11,292
Source: Czech Social Security Administration
($1=24.528 crowns)
