Financial provision of people into retirement age in the Czech Republic

The aim of this thesis is characteristics of current pension system in the Czech Republic in a response to the great pension reform of 2013, description of the pension system before 1989 and the knowledge of people about the problematics of pensions, their attitude and methods of making their own financial reserves into retirement age. There is an explanation of functioning programs that are suitable for making financial reserves covered in III. pillar of pension system. Practical part of the thesis includes survey which aimed to evaluate respondent's awareness of retirement problematics and their position of making financial reserves into retirement age in a response of financial literacy. According to the survey 47% of respondents are making own financial reserves. Then there are compared other saving products described in theoretical part of this thesis. Product profitability of different companies is compared through criteria such as charges, evaluation and others. Air Bank's account is more profitable in saving accounts category than ING Konto. In category of Supplement's pension insurance the more profitable is product that offers Penzijní společnost České pojišťovny compared to KB pension company. In Investment life insurances there is more advantageous to have one from Kooperativa company than from Generali insurance company