01735cas a2200241 a 4500 AALejournalIMF001131 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843392 1018-5941 BD-DhAAL BD-DhAAL Laursen, Thomas. Pension System Viability and Reform Alternatives in the Czech Republic / Thomas Laursen. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The finances of the Czech pension system have deteriorated markedly in recent years and the aging population will add further strains in the future. The system is also burdened by significant distortions and disincentive effects. This paper assesses the current pay-as-you-go (PAYG) system, including its long-run viability, and discusses reform options. It concludes that alterations to the basic PAYG parameters can go a long way toward addressing the problems, although more systemic changes-such as pre-funding, strengthening the link between contributions and benefits, and diverting part of the pension contributions to a mandatory, private pension savings pillar-could also help. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/016 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/016/001.2000.issue-016-en.xml IMF e-Library