MF: Pension insurance deficits increases to CZK 18.47bn

(CIANEWS) - In September 2022, income from insurance payments towards pension insurance, including voluntary insurance, totalled CZK 422.56bn, increasing month on month from CZK 375.20bn. On the other hand, expenditures on pension insurance benefits, including administration expenses, totalled CZK 441.03bn (CZK 387.12bn in August). This information was provided by the Czech Ministry of Finance (MF), adding that the pension insurance system’s balance was negative CZK 18.47bn (August: negative CZK 11.91bn). As of December 31, 2021, there were 2.858m pensioners in the Czech Republic, and the average old-age pension was CZK 15,425.



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