Mandatory expenditures in Czech republic - pensions

The Bachelor's Thesis deals with mandatory expenditures in the budget of the Czech Republic and their structure. It is focused on the largest part of social transfers, which is old-age pension. The first chapter of the thesis contains a detailed description of all the types of expenditures in last few years and some comments on their departure from the normal development. In the second chapter, the system of pension insurance is described. First, the system of social security and its individual elements are analysed in detail. Then, the pension system is mentioned and a whole chapter is focused on old-age pension. The last chapter deals with the reform of pension insurance. Starting with a detailed description of demographic development a large part of the thesis is concerned with some political parties' suggestions for the reform of pension insurance and the conclusions of the first and second Bezděk's commission. The final part contains some key parts of the reform with my comments and recommendations