Labour market should be reformed along with pension reform - expert

11-07-2005

The Czech Republic's labour market should be reformed simultaneously with the pension reform in order to secure enough jobs for older employees as retirement age increases, Vladimir Bezdek, the head of the expert team working on the pension reform, said. The team has been assessing the alternatives of the pension reform as proposed by five political parties since last October. The Czech population is aging and the number of people in retirement age will be growing while the number of people able to work and contribute to the funding of the pension system will be decreasing.