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Czech pension system explained

Practical Tips

How high is the pension in the CR? Why do I have to send money into the system if I’m not going to retire in the CR? And can I get my money back when I leave the country?

…these are just a few of the most frequently asked questions regarding pension that we receive at the Brno Expat Centre.

Jan Kopkáš, our senior consultant, has put together a guide explaining the system briefly, with links to detailed information if you fancy delving into the topic further.

Pension System

Brno Expat Centre's guide

And to answer the questions asked above:

  • The average Czech pension in 2022 is around 16 000 CZK per month.
  • The Czech system is based on two main principles. It balances the principle of rewarding personal achievements with solidarity. What it means in practice:  by law, every economically active person in the CR has to contribute to the in-use pension fund for retired people of today; you aren’t saving the money for your own retirement.
  • And no, you cannot get the money you paid to the compulsory (“first pillar” – read more in the guide) pension insurance out when you leave the country.

 

 

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