On Dec. 16, CZC PRL issued new pension insurance benefits decree.
CZC PRL published Decree 406/2024 coll. amending Decree 76/2005 coll., on process determining the method of calculating the difference between income from pension insurance premiums and expenditure on pension insurance benefits, as is amended.
Decree Overview
In Section 4, para 2 of introduction to provisions of Decree 76/2005 Coll., determining method of calculating difference between income from pension insurance premiums and expenditure on pension insurance benefits, number 0.9302 is replaced by 0.9121.
To calculate difference between pension insurance premium income and pension insurance benefit expenditure for calendar year 2024, the new coefficient will be used.
Effectiveness
The terms of this new Decree shall all fully enter into force effective from Jan. 1, 2025.
