Asset Details
Do you wish to reserve the book?
Czechs set up pension funds to tap markets
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Czechs set up pension funds to tap markets
Do you wish to request the book?
Czechs set up pension funds to tap markets
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Czechs set up pension funds to tap markets
1994
Overview
Major Czech banks and insurance companies are beginning to set up pension funds that will start operating at the end of the year. The new legislation provides for a personal pension scheme to supplement the state system. Employers can contribute to the fund on a voluntary basis, but payments cannot be deducted from corporate tax. The state supports the scheme with digressive contributions which range from 40% in the case of the minimum premium of Kc100 to 27% for premiums equaling and exceeding Kc500. During the first 2 years following the conclusion of the insurance contract, this subsidy is increased by 25%. The labor ministry thinks the premium income of the pension funds will hit Kc8.55 billion by the end of 1995 while state contributions will total Kc2.37 billion.
Publisher
Euromoney Institutional Investor PLC
Subject
