Investor Presentaiton
Basic pension level:
No increase with number of contribution years
Contributory basic pensions: Numbers of contribution years required to receive
the minimum respectively maximum benefit amounts
Minimum at
Maximum from
Minimum number of contribution years to receive a
basic pension: High in the Czech Republic
Number of contribution years to receive the maximum
basic pension: Comparatively low in the Czech Republic
(except Estonia)
OECD Recommendations:
Drastically reduce the minimum number of
contribution years required to be eligible for
pension receipt
Make basic pension proportional to
validated period
45
40
40
35
35
30
25
25
20
20
15
10
5
0
Israel
United
Kingdom
Ireland
Japan
Korea
Luxembourg
Estonia
Lithuania
Czech
Republic
Source: Figure 3.8 and OECD (2019), Pensions at a Glance 2019 - country profiles. Data for United
Kingdom refer to the new state pension. The indicated maximum in Switzerland applies to men while
women need one year less.
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