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This diploma thesis deals with differences in income and pension between men and women in the Czech Republic. The target was to evaluate time series and panel data of income and pension of both sexes and to evaluate the existence of differences by using econometrics methods. From the performed analysis was forecast the future development for next three years and then was created the marketing recommendation for retail store regarding the focus on consumers in the pension in the end.

This thesis studies the Czech retirement system and determines the best time of the retirement age in order to receive the highest amount of benefits in expectation. Firstly, we describe the retirement system in general. We summa- rize the upsides and downsides of the early and the late retirement. We study life tables and how to use the mortality rates in order to forecast the life ex- pectancy. In the practical part, we determine the optimal age for retirement that maximizes the expected value of future cash flows. We also define the worst retirement age and the difference between the expected best and worst pension benefits. The last section compares the Czech pension system with the US and UK pension systems. 1

This paper deals with the experience of third pillar reform in the Czech Republic, executed in 2013. The core of our study is formed by a comparative analysis of newly introduced supplementary pension savings and its substitute products (investment funds, life insurance) from two main aspects: product features and distribution features. The outcomes are supported by empirical sales and population penetration of the surveyed products. The results indicate that even a pension product with a very attractive product design, such as supplementary pension savings, will be hampered by its substitutes as long as its distribution features are unattractive. This is an important lesson, particularly for the discussed European solution, the pan-European portable pension product (PEPP).

The bachelor thesis was focused on the transition from active life to retirement. The topic of this work was very topical. It deals with adults in active working life who were preparing for the next stage of life, considering retirement options, or partially or fully continuing their employment. The thesis was divided into two parts, theoretical and practical. The theoretical part defines the basic concepts, describes the period of active aging and preparation for old age. Attention was paid to the pension system. Furthermore, the transition from working life to retirement pension was described, which describes retirement pension, its conditions of entitlement, necessary steps to obtain it and timing of departure. The aim of the thesis was to describe how people in pre-retirement age live their current life period, how they prepare for the post-employment and retirement periods, and what factors influence their decisions on termination of employment and retirement. To carry out the research part of the thesis was used qualitative type of research and semi-structured interview technique. The research sample was made up of people who are of pre-retirement age and are considering terminating or continuing their employment. The results were processed by the open coding method. The research was to determine whether people are thinking about preparing for old age and retirement life, what they are aware of the conditions for retirement, what decisions they make and what they expect from life after leaving employment. Work can serve as material for people approaching retirement age. It can help to specify indicators of transition from active life to retirement.

This Bachelor thesis deals with retirement and changes that follow this turning point in human life. The topic is up to date with regard to demographical ageing process of Czech population in the Czech Republic and abroad. The theoretical part of the thesis focuses on questions regarding demographical development and its impact on the society. Other chapters describe particular changes in ageing process, changes in physical, psychological, cognitive and social area. The following chapters involve reflections on factors that influence pensioners' lives health, physical activity, income, sense of life and spirituality. One chapter deals with issues of social exclusion and pensioners' needs. The aim of the thesis is to find out the impacts of retirement on human life and on satisfying pensioners' bio-psycho-social and spiritual needs. A partial aim is to find out if the change of a social status leads to social isolation of pensioners. A qualitative research strategy, a questioning method and a semi-standardized dialogue method are used in this thesis. The communicative partners were pensioners at the age of sixty-five and over, who were chosen at the basis of progressive choice by Snowball sampling method. The obtained data were analyzed by open coding, which enables to separate the text into smaller parts. Mental maps are used to present obtained information. According to the research, fourty-four per cent of pensioners didn't think about ageing and retirement during their active working life. Pensioners over seventy, who were awaitening retirement, were convinced that they will be provided for a pension that they will get from the state. They didn't think about financial resources, such as saving or insurance. All pensioners noticed some changes they experienced in connection with retirement, which was an interesting finding. Two thirds of them devoted to their hobbies and didn't feel any limits eg. lack of opportunities or lack of finance, which would prevent them from devoting to their hobbies. The results have shown that when a person gets older and less fit, their value scale is changing. In their youth these people preferred family interests and finance maintanance. Elderly people put their health and health of their family members in the first place in life. Czech pensioners regard their pension as low, however they are satisfied and they are able to make ends meet, which is also an interesting point. Those who are fit keep going to work and are able to save money. Responses to questions regarding health were also interesting. After feeling tired and having a lot of health problems at the beginning of the retirement, pensioners feel more relaxed and quite well, only with tiny health problems. Some of them were feeling even better. The contribution of this research is the finding that there is no reason to be afraid of such a major change in life as the retirement represents. Pensioners have enough opportunities for self-realization and they needn't be afraid of being socially excluded or isolated, if they don't wish so. Also a generational cohesion between family members was proved. Pensioners can rely on their offsprings in hard times.

The basic compulsory pension insurance in the Czech Republic is based on a solidarity principle, it is benefit-based and financed continuously, it is universal and secures all the economically active people. Due to a present demographic development, the pension system in the Czech Republic is, as well as in most of European countries, financially unsustainable in the long term with a present parameters setting. The pensions from the first pillar will not be sufficient for future pensioners due to the population ageing. Therefore there is a trend of strengthening the principle of equivalence through the development of the second and third pillars of the pension insurance in European pension systems in the framework of the pension reforms systems. The bachelor thesis is divided into a theoretical and practical part. The theoretical part defines the place of the pension system in the social security and its principles of solidarity and equivalence. The practical part is based on the quantitative research. A method of interviewing through a questionnaire was used for data collecting. The survey tool was focused on the respondents´ opinions on the present system in CR. The aim of the thesis is to provide the point of view of the citizens of the pension security and answer the questions whether the financial security of people about to retire should be fully provided by the state and whether they find the present pension system fair. To complete the aim, two hypotheses were set and these were verified by the survey. It was concluded that people do not think it should be only the state to take care of them but they try to take care of themselves by their own means. They do not consider the pension system fair and they criticise its too wide solidarity. The outputs of this bachelor thesis might serve as a topic for a further survey as well as a sociological research for investigating the citizens´ opinions on the pension reform support.

The target of my thesis is to assess, whether the pension system of the Czech Republic reflect the possibility of accelerated amortization of human capital and human resources, due to excessive mental and physical strain. First of all, we look at the possibility of amortization. While using statistical tests detect whether there is a difference between the professions that focus on physical work and jobs where are needed rather mental abilities. Thanks to the historical view of the development of the pension system in the Czech Republic, we find that sooner were these differences taken into account, but it is different today. The big problem is the ageing of population that causes the extension of the age limit for retirement, which is unfair due to the professions of accelerated amortization. Finally, I suggest several options how this situation could be resolved to the more equitable system.

The main theme of the bachelor thesis is analysis the settings and possible risks of pension system in Czech Republic and its comparison with the setting of the pension system in the United Kingdom. The first part is an introduction to the problematics of social security. The study also included a general description of pension systems, their classification and methods of financing. Analysis of pension systems both compared countries shows the progression from history to the present state. Following comparison is made based on data obtained from demographical and economical index number, of which are derived suggestions and recommendations for improving the functioning of the Czech pension system.

In this bachelor thesis I focus on investment plan for construction and operation of an accommodation in the South Moravian region. The main goal of this thesis is to create business plan and to evaluate the project. The theoretical part contains basic definitions of entrepreneurship and business plan. The practical part consists of project description, market analysis, strategic and financial plan.

This thesis presents a comparison of five commercially available products most commonly used by Czech households: a savings account, buildings savings, pension insurance, investment life insurance and mutual funds in terms of taxation. The aim of the work is an overview of the taxation of selected products for the general public in a concise form and show specific impacts on individual cases.

The aim of the bachelor thesis is to evaluate the current situation of the Czech republic in comparison to other European countries. The thesis focuses on the evaluation of the evolution of the population of the Czech Republic and the impact to the balance of the pension account. Furthermore the thesis analyses specific factors including the influence it will have on employment beyond a pensionable age in comparison with other European countries, concentrating more on Norway and Great Britain. It evaluates that the Czech Republic is below the average in the most of the selected factors. Using structured interview, monitors the situation of employees beyond 50 years old, including their satisfaction at work, the possibility of flexible forms of work, awareness of pension systems and their personal attitude to working beyond the pensionable age.

Opening a Bed & Breakfast accommodation with a focus on, healthy breakfast in South Moravia. It will include a shop with homemade products from local producers.

Pension system of the Slovak republic received positive evaluation and admiration from many European and world institutions after its reform in 2005. Since then the system went through significant legislative changes that affect its appearance and functioning. In the bachelor thesis I do analyse the profitability of entry to the fully-funded pillar of pension's system and compare the replacement rate of pensions from the PAYG system. Furthermore, I discuss these calculations and suggest possible steps to improve setting of the system. The work suggests that entry into a fully-funded system is not profitable for residents of the Slovak republic because of setting up the principle of merit in the state pillar and the pension system should undergo further parametric adjustments.

Tato bakalářská práce se zabývá vývojem aplikace s automaticky aktualizovanou databází v programovacím jazyku Java. Jsou zde popsány ekonomické oblasti sou-visející s danou aplikací a vysvětleny nejdůležitější rysy objektově orientovaného programování, Javy a vývojového prostředí Netbeans. Následuje popis vývoje aplikace, který demonstruje možnosti práce se zmíněným programovacím jazykem. Popis ekonomických oblastí se týká především investování, spoření a vybrané finanční společnosti. Aplikace by tedy měla sloužit jako pomůcka pro práci s těmito pojmy, informování se o finančních produktech a složité kalkulování. Jako testovací subjekt byl zvolen pojišťovací koncern Allianz. Jednotlivé ukázky vývoje programu jsou zvoleny tak, aby čtenář získal dostatek informací o tom, jak funguje a jak se při jeho tvorbě postupovalo.

The pension systems in many countries since the 1990s have been facing a difficult situation due to population aging. Many countries had undergone necessary reforms, but in the Czech Republic this issue has been subject only to minor changes and neverending discussion. This Bachelor thesis analyses the differences between individual pension systems, their evolution in the Czech Republic and proposals of change by political parties. The main goal of this thesis is to compare the possible solutions and to review the second pillar of the pension system.

This thesis present an analysis of pension systems in the Czech Republic and the United States of America, according to the status in 2013. The aim is to make comparison of pension schemes based on defined criteria, that are budgetary responsibility, the quality of life for the elderly, social justice, social solidarity, equivalence and financial sustainability of the pension system. Another objective is to compare each pillar of the pension systems and analyze the different elements of the benefits that are provided from mentioned pillars. Theoretical basis include the Welfare State theory, the theory of public finance and the theory of market, state and civic sector and the criterion anchoring of the reform. The research is devoted to the analysis of pension systems ability to provide an adequate income in retirement, what is the real purchasing power of pensioners, whether the pension systems are due to unfavorable demographic development in the future financially sustainable and how the pension system encourages older workers to remain in the labor market.

World population is ageing and in Europe the situation is especially alarming. In the next two decades the ratio of people over 65 years of age is expected to double. This threatens long-term sustainability of welfare systems. The debate about future developments has been going on since the turn of the century. Based on this debate the European Union defined improving the inclusion of people over 50 as the main solution to this problem. The means to achieving this goal have been identified at the level of the labour market, disease prevention and lifelong learning. The specific instruments are: 1) increasing the participation of older workers in the labour market by increasing retirement age, introducing penalties for early retirement, promoting retraining of older and increasing retraining efficiency, 2) restructuring of pension systems and provision of social services and 3) strengthening participation of older people in society, applying the principles of active aging at all levels of social life and increasing the quality and variety of lifelong learning opportunities. This paper analyses the situation of persons over 50 years of age in the Czech Republic in terms of their position in the labour market, participation in social life and quality of life in the context of the strategic concept of...

The name of this bachelor´s thesis is Pension reform in the Czech Republic. This bachelor´s thesis is divided into two parts. The first part is concentrated on the basic information about Czech pension system, which currently consists of three pillars. The first pillar is represented by the mandatory basic pension insurance and it is based on PAYG system. Pensions, which get participants in this pillar, are guaranteed by state. The second pillar is voluntary and it is managed by pension funds. Each person before reaching the age of 35 has a choice if he entries into the second pillar or not. The third pillar is characterized as a voluntary complementary pension insurance with state contribution. Participants have a possibility to receive state contributions only if they save at least 300 Czech crowns and more monthly. The second part is focused on the survey conducted by questionnaire, which 160 respondents participated. The questionnaire was aimed to find knowledge of respondents about Czech pension system and reform, which came into force last year.

The main aim of the thesis is to give comprehensive overview on the issue of pension reform in order to clarify, with political-economic and socio-economic context, the position and role of the private sector in pension system of Czech Republic and evaluate whether it is sufficient form of security for old age. The thesis analyzed trends, with specific meaning and influence of the social situation in the EU. There was made the description of pension system of Chile, Poland, Slovakia, Hungary, Lithuania, USA, France and Germany. The thesis also analyzed the pre-reform and after-reform pension system in Czech Republic. The last chapter was dedicated to a case study focusing on the simulation with respect of different age and income of various persons. The conclusion showed partial opt-out preference for younger people with long term savings, or older people with income at least above 40.000,-CZK. It also proved benefits of additional savings, especially with state aid, tax relief and employer contribution. The thesis proved the fact that private sector is able to provide the security for old age people only with sufficiently high income, sufficiently long period of savings and also only with personal responsibility of every person alone. In all other cases the savings in private sector must be comprehend as an additional saving and not as an adequate substitute for state pension.

Main goal of the Master thesis is comparsion of present pension systems in Germany, Austria, Poland, Hungary, Czech Republic and Slovakia. It compares not only compulsory pay as you go pillars but even structural reforms of past twenty years, implementation of the 2nd funded pillar in post-communist countries and motivational schemes of the 3rd pillar. The Master thesis briefly touches history and development of pension systems in the region of Central Europe. Using the metod of on-line survey it discovers base kowledge bound with pensions, demographical issues and future problems of the system. Analyse of the written and on-line sources and results of the survey followed by synthese closes the Thesis with set of recommendations how to upgrade all three pillars of conterporary pension system in Czech Republic.

The aim of this thesis is to determine the motivation for further work life of people, who receive a pension. The Diploma Thesis is divided into three parts - the theoretical part, which deals with concepts related to old age and changes that occur with aging; methodological part, which describes methods of obtaining data and a practical part, which presents the results of a written questionnaire survey among seniors who are working in retirement and semi-standardized interviews. For older and younger readers as well this thesis reveals motives for further labor participation of older people in retirement as well as their view of contemporary society and the labor market. The conclusion summarizes the recommendations for seniors who are still looking for a job suitable for seniors in retirement or will be looking for another job in the future.

This theses focuses on disability pensions in Czech republic. It explores historical development of legislation related to this type of social benefit and it also anylyzes current state of legislation. It investigates proces which follows after handing in the application and assessment of health condition and also forms of appeal. The text of the thesis then concerns with Medical Assessment Service, which provides assessment of health for purposes of the Ministry of Labour and Social Affairs. Medical Assessment Service deals with long-term problems with organization. The thesis reports on related studies of possible reorganization of Medical Assessment Service which were requested by the Ministry of Labour and Social Affairs. The issue is also analyzed from ombudsman's point of view.

The goal of this bachelor thesis is to introduce the pension system of Czech Republic and to demonstrate how specific age and income groups should save for the old age, and also how much should each group save so their standard of living is not lowered when they retire. The trends of the pension system are described in first part of the thesis. Also, the beginning of the pension system worldwide is described. The second part of the thesis consists of calculations for each group of people, long-term outlook and subjective view of the author.

This thesis explores the ever-current topic of pensions, which are devoted to three different chapters . The first part descriptes history development of old-age pensions, focusing on developments in the last more than 200 years. Emphasis is placed on the development of the territory of the present Czech Republic and for each period are also enclosed a historici fact that not only the development of the pension system determined . Another chapter is devoted to an over view of different types of pension system. Together with a description of each pillar by the World Bank definition are also accompanied by examples of systems from different European countries. The last and most extensive part of the work is to point out the existing demographic development of the czech population, finding appropriate indicators applicable to the issue of pensions, to find the possible future evolution of these indicators using statistical and demographic methods and last but not least the program provides potential candidates for the calculation of future retirement or the age at which a person is able to retire . The work will provide readers with comprehensive information not only on the current state pension insurance in the Czech Republic and in Europe but also can learn about the reasons that led to the establishment of what is possible developments, together with suggestions.

The objective of the thesis is to introduce and compare old age financial securing possibilities. The work is not focused on macroeconomic rating of the pension system in the Czech Republic but on individual coping with fixed conditions and finding an optimal way to old age securing with the help of private saving. The thesis has been divided into two parts. In the first one the current pension system has been partially presented and particular saving possibilities have been introduced. The second part has been devoted to a calculation of particular saving forms advantageousness and it has been finished with a recommended saving plan.

The Chilean pension reform has been an experiment of great success. Futhermore, thanks to it the current pensions are much higher than they would have been under the old Pay-As-You-Go system. Considering this, I decided to analyze the possible applicability of the Chilean pension system in the Czech environment. In the present diploma thesis I do analyze the potential results (replacement ratio) of the introduction of a fully funded system in the Czech Republic, in comperison with the replacement ratio of the current Czech PAYG system and the modificated Czech PAYG system that would not genarate deficits (through the reduction of pensions) and keep the retirement age same for all variants for the reason of objective comparison. Later, I do analyze the impact to the state budget of the transition to a fully funded system and discuss the advantages of a such transition. The main conclusion of this diploma thesis justifies that the transition to a fully funded system in the Czech Republic is not recommendatory, due to the fact that it requires high state budget funding and there is a great unlikelihood of benefits for all income groups in general.

This thesis is focused on products used to cover the needs of the people in retirement in the conditions of the Czech Republic, which can be a suitable complement to the constantly decreasing values of the retirement pension paid by the State. At first I will describe the current situation of the Czech pension system and its compulsory transformation into a multi-pillar system. The following chapters are devoted to analyzing individual products in terms of making savings for retirement. In the last chapter I compare different products and try to find out the best way how to secure individuals savings for life in the retirement according to a particular state revenues and expenditures.

The thesis analyses recent important issues affecting the insurance industry (both global and local). 1.EU anti-discrimination policy's impact on insurance risk 2.Catastrophe Risks and Reinsurance, Earthquake in Japan, 2011 3.BankInsurance - Single-Premium Life Insurance 4.Pension reform: New opportunities for private insurers 5.The reasons of low performance of non-life insurance industry

The subject of the bachelors thesis is the comparison of functioning supple-mentary pension system in the Czech Republic with supplementary pension system in the Slovak Republic.

This paper is dedicated to pension system reform in Czech Republic. First, theoretical part sums up legal framework of current czech pension system. It is focused particularly on Act no. 155/1995 Col. about pension insurance. In the next part is an outlook on three other european pension systems. Netherlands, Portugal and Hungary. Final part describes the state of our current pension system, prognosis about the future development, identifies biggest problems of current system and presents sollutions to them. Data used in this paper were obtained from official servers of Ministry of Labour and Social Affairs and Ministry of Finance of Czech Republic. Data regarding foreign pension systems were obtained from official server of OECD.

This thesis focuses on the possible options for pension reform in the Czech Republic and their impact on family budgets, both in terms of payments in the economically active age, and then from the amount of pension at retirement age. In the theoretical (methodological) part are several possible scenarios of pension reform chosen from proposals to the Czech Republic and from the pension systems applied abroad too. There are described the main pillars and main differences between them and of course the difference from the current state of pension system in the Czech Republic. The entire chapter is devoted to the current state of pension system, because it is the starting point for each of the reforms. After describing all options of pension reforms in the theoretical (methodological) part, we focus on the practical part. There are described several model participants and for each participant are calculated present payments and future revenues, which depends on the variant of the reform. According to this testing we search for such a pension reform, that would be the best across social and income groups. At the end is this testing evaluated and the results of the entire work interpreted.

The aim of this bachelor's thesis is to acquaint the reader with the history and basic theory of pension security, to describe the current state of the Czech pension system and its forthcoming reform and then characterize pension systems of four selected countries. Another objective is to compare eleven most developed pension systems in the world and choose an appropriate pattern for the forthcoming Czech pension reform.

The work deals with the supplementary pension insurance system.

This work deals with retirement as an important change in human life. Theoretical part characterizes concepts of aging and age, and also the society{\crq}s perception of the elderly. The central part of the theoretical work deals with pensions, people{\crq}s leave to retirement, the pension insurance and the types of retirement pensions and conditions for entitlement to retirement pension. The practical part includes qualitative research, which explores with what expectations people enter into retirement and whether these expectations were fulfilled or not. The research was divided into three sets of issues: retirement, expectations and life in retirement. The aim was to determine whether people's expectations before retirement and then during retiremen were met.

The work includes information about current pension reform in the Czech republic and generally describes the pension insurance in this country.

This bachelor thesis deals with the ways of security in old age. It describes demographic developments in the Czech Republic and the resulting consequences. It also deals with historical developments and possible future evolution of approaches to security in old age. Another part of this thesis is mapping, description and evaluation, and comparison of different products suitable for security in old age. In the end, the paper deals more general reflection on the possibilities of pension security of individuals in the Czech Republic.

The goal of this theisis is a strategic analysis firm Pension Ametyst, namely the analysis of external and competitive environment, finding a competitive position in the market analysis and customer expectations. The practical outcome of this thesis is to outline the future strategy of the company and operational measures to help achieve the proposed strategy and improve the overall situation of the firm.

This thesis examines the influence of contributory periods and excluded periods on the pension amount. Furthermore, various pension construction elements and a retirement calculation method is discussed. The subsequent chapter is devoted to the corresponding contributory periods of insurance and their position in comparison with other insurance periods. Moreover, there are simulated model examples of situations, where the contributory periods are not included into the pension amount.

Work deals with pension insurance and investment life insurance. The aim of this work is to analyze these two products and to make their comparison in terms of profitability and control. The first two chapters are theoretical and deal with the characteristics of pension insurance and investment life insurance. The last chapter is devoted to a comparison of those two products. The essential difference between the products is due to their different nature. While the pension insurance is primarily a saving product, investment life insurance is primarily insurance product with saving component. The evaluation shows that investment life insurance can bring same earn as pension insurance, which doesn't offer insurance. But client has to undergo a higher risk and to choose the optimal investing strategy. Regulation of insurance companies and pension funds from the state is very strict. The emphasis is on protection of clients.

Pension Insurance is one of the main pillars of the Czech social security system. A significant part of this system are also invalidity pension and survivor pension, which serve as financial compensation in case of sudden individual's work ability decrease (invalidity pension), or sudden death (survivors pension). This paper deals with legislation concerning invalidity and survivors pensions and the procedure of calculating those benefits in the Czech Republic. The main analytical part introduces the reader to the amount of expenditures of analyzed pensions, their development in the past and expected future development. This work also introduces the reader to the factors that influence the number of pensions. Attached is the invalidity and survivors pension calculator in MS Excel 2007.

The bachelor thesis deals with present strategy of additional pension insurance in Czech Republic. It describes primary characteristics of additional pension insurance. It discusses tax preferences, offered by the law 586/1992 Sb., about taxation from earning in the area of additional pension insurance with state benefits. The next segment of bachelor thesis represents the development of additional pension insurance in Czech Republic. Last but not least the additional pension insurance is compared with other products.

The aim of thesis is to analyze the possibility of support for investment in tourism from EU funds and analysis of the services provided in tourism in the territory of the tourist region Šumava. Another objective is to identify customer requirements and mapping of the potential market. The main objective of the compilation of an application under the Regional Operational Program NUTS II South-West, which will focus on the reconstruction of the pension.

The goal of bachelor work is to propose pension system change and following steps necessary to pension system functioning. The first part of bachelor work considers current pension system in the Czech Republic. The second part is focused on analysis of demographic evolution in the Czech Republic, long-term economic sustainable system and impacts of current pension system on economy in the Czech Republic in 20 - 30 years. The thrid part of bachelor work includes proposal of pension system change and in the following part are described next steps necessary to long-term pension system functioning.

This work deals with different elements that influence of old age pension adjustment. These elements are further analysed in their relationship to the behaviour of those citizens, who are on the brink of retirement age and making their decision as to whether to stay on the labour market.

The graduation thesis addresses the questions of disability pensions and survivor benefits in Czech Republic. The first chapter handles the definitions of the concepts used in terms of pension insurance, the characteristic of pension system generally and the legal regulations of the contemporary system. The second chapter analyses the full and the partial disability pensions. The third chapter describes the widow's, the widower's and the orphan's pensions. The fourth chapter contains the analysis of the contemporary pension system since the implementation of the present valid legal regulation until the year 2007, with focus on disability pensions and survivor benefits. Sub chapter 4.1 contains analytical forecast of the amount spent on pensions and of the number of each type of pensioners. The fifth chapter targets the forecasting of the demographic development of the population in Czech Republic, the problems of contemporary pension system and the proposed modifications within the new reform of the pension system.

The diploma work deals with an analysis of the contemporary income distribution system in the Czech Republic and a chosen country of the EU. In order to compare the social system of the Czech Republic with another one, as the representative of the EU Slovakia was chosen for both countries have the same roots in the social area and their developement after dividing the CSFR is not so different as it is in comparison with other countries of the EU. The aim of this diploma work is to make a rounded-off view of the social systems of both countries and their comparison. Nowadays, scarcely anybody doubts that necessity for regulations and reforms in the area income distribution system is bigger and bigger. So far the inhabitants have been appealed for not relying just for the pension paid by the state but for ensuring their retirement from their own funds, especially if they are economically active. Among these funds belong different forms of investments and savings, life insurance and pension insurance. These funds are believed to be the most suitable and accessible means of creation of financial reserves used in the retirement and this diploma work deals with them as well. The diploma work should clarify the problems and by means of a scheme of the system existing in the Czech Republic make easier appreciation of steps made in various life situations.