Social security administration 20 billion in debt

The Czech Social Security Administration reports that it was short of nearly 21 billion crowns in pension funds at the end of August, nearly twice as much as the same period the previous year. Sickness compensations however, which are also paid from social security, were nearly 1 billion crowns out of the red, slightly easing the overall deficit. At the end of August 2008 the social security administration showed a total surplus of 9.6 billion crowns.