Czechs spend on average 24 years in retirement

The time Czechs spend in retirement has increased by an average of four years since the year 2000, according to data from the statistical yearbook of the Czech Social Security Administration released on Wednesday. In 2015, the average time spent in retirement was 24 years. This is connected with growing life expectancy. According to the Czech Statistics Office, the lifespan has increased by more than four years in Czech men and three years in women since the beginning of the millennium. At present, women spend an average of 27.5 years in retirement and men around 19 years. According to the pension commitee of the Labour and Social Affairs Ministry, a person should spend about a quarter of their lives in retirement.

Author: Ruth Fraňková