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Reduction in the required period of insurance, first pension in 29 years instead of 30 (fe Germans have 5y)

It’s easier to get your pension. Reduce the time needed to be insured

The Ministry of Labour and Social Affairs wants to reduce the required period of insurance to qualify for an old-age pension. It is following the recommendations of the OECD and the ombudsman, who have warned of a fall into poverty among the elderly. From the beginning of 2024, the number of years of service needed to qualify for an old-age pension should be reduced. This is envisaged in a draft amendment to the Pension Insurance Act prepared by the Ministry of Labour and Social Affairs.

Source penize.cz/duchod-ziskate-snadneji-zkrati-se-potrebna-doba-pojisteni