Deputy Governor of the Czech National Bank (ČNB) Eva Zamrazilová.
Prague – The formula for calculating pension valuation needs to be modified. Eva Zamrazilová, vice-governor of the Czech National Bank, said this in the Czech TV discussion program Otázky Václav Moravec. She did not want to address the question of whether the valuation should be changed in the legislative emergency regime. She recalled that the ratio of the average pension to the average wage rose from 40 to 50 percent. Pensioners were not hit by the inflationary wave because they were fully compensated, she added.
“I am not saying that pensioners do not deserve higher pensions, but there is no money in public finances for that,” she said.
The coalition wants to complete the proposed amendment limiting the June valorization of pensions. The opposition movements ANO and SPD want to block the adoption of the law with a reduced extraordinary June addition. According to them, it is unconstitutional, due to deliberations in a state of legislative emergency or due to retroactivity.
Pensions are to be exceptionally valued from June due to inflation. According to the documents for the proposal, according to the current rules, the merit percentage part of the pension would increase by 11.5 percent, the average old-age pension would increase by 1,770 crowns. The government proposes to limit the one-time addition and increase the merit component by 2.3 percent and by 400 crowns, the average retirement pension would increase by 760 crowns. Indebtedness would be reduced by 19 billion crowns. Instead of 34.4 billion in additional debt, 15.4 billion CZK would be paid.