MF: Pension insurance deficit increased to CZK 21.32bn

(CIANEWS) - Revenues from pension insurance premiums, including voluntary insurance, reached CZK 469.87bn in October 2022, up from CZK 422.56bn last month. Expenditure on pension insurance benefits, including administration expenses, stood at CZK 491.19bn, up from CZK 441.03bn in September. The Ministry of Finance (MF) reported that the balance of the pension insurance system showed a value of CZK -21.32bn (September: CZK -18.47bn). As of December 31, 2021, there were 2.858 million pensioners in the Czech Republic and the average old-age pension reached CZK 15,425.



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