J26 - Retirement; Retirement PoliciesReturn

This paper proposes fundamental changes in the Czech pension system, which would significantly help with the resolution of its problems with comprehensibility and long-term financial sustainability. Firstly, the paper introduces the basic characteristics of our pension system to the reader, including the procedure for calculating the old-age pension. Then, it explains why it is necessary to perform fundamental and particular changes in the pension system (i.e. to carry out a pension reform). Final and main part of the paper presents the proposed direction, which the reform of our pension system should take, and in general proposes measures that would make our pension system simple, comprehensible and financially sustainable in the future.

The article focuses on evaluation of the technical effectiveness of 33 specific social facilities (retirement homes), using the basic DEA (CCR and VCC) models and Malquist Index for a specific timeframe of 2011 to 2016. The main focus when selecting the retirement homes was to have the means to compare them to one another. To evaluate the effectiveness we've created a model that works with four inputs and two outputs. The inputs: Number of beds per one employee, wage per employee (thousands of CZK), number of beds per one employee in direct care and finally a cost per bed (thousands of CZK). The outputs: The income per bed (thousands of CZK) and a number of transfers per bed (thousands of CZK). The results show that the number of total effective retirement homes in the inputoriented model in 2011 was 57.57% in case of VRS and 24.26% in case of CRS. The input-oriented model proved the effectivity at 57.58% of cases when assuming the CTS and 24.25% when assuming the CRS. In 2016 the number of effectively functioning retirement homes in input-output model was 51.51% in case of VRS and 27.27% in case of CRS.