The main aim of this dissertation is to compare the pension systems of Czech and Slovak Republic. The first part is dealing with the theory of pension systems and places emphasis on main philosophic concepts, from which these come from. The second part describes main attributes of Czech pension system and points out, that its reform is really needed. The third part of this dissertation analyses pension reform, which has been adopted in the Slovak Republic. Its aim is to consider all positives and negatives of this reform as well. The further development of Slovak pension system after adoption of this reform examines the fourth part of this dissertation. The last part compares the Czech and Slovak pension system and tries to evaluate, which conception of pension reform would be the best for the Czech Republic.

The aim of the thesis was the analysis of pension reform in Slovakia in 2004 and its adjustment in the coming years along with the change of government. Thesis focuses on the impact of the reforms on public finances. As comparison I have used the pension reforms of neighboring countries, where the reforms are also taking place. Based on experience and knowledge, the objective was to develop recommendations for pension reform in the Czech Republic.

The purpose of this thesis is an analysis of the development of the pension system in the Czech Republic since 1989. The emphasis is placed on reform provisions and on their impact on public budgets. Future direction is discussed next. The demographic development raises concerns about the financial sustainability of pension systems. The changes in the structure of the system were made after several years of discussions and a number of parametric adjustments. The question of sustainability is not closed yet. Recent changes are canceled and the system returned to the previous state. The reason was a lack of political and general agreement about this type of reform. The theoretical part deals with the definition of public budgets with a focus on social security. The importance and the function of pension systems are characterized in the next section. Pension systems are classified by the operator, by the method of calculating pension benefits and by the type of funding. Each pension system is based on tradition and is influenced by the development of society in the political, economic and social fields. In the practical part is performed the analysis of the pension system structured according to the periods. The impact of the reform provisions is illustrated on the state of public budgets. The thesis concludes that the initial efforts to change the system fundamentally will be replaced by attempts to implement minor adjustments. In the case of structural reform in the future it could be considered the application of modern pension theory, which recommends Pan-European pension system.

Retirement System of the Slovak Republic is composed of two main pillars, which are different from the way they recognize pension benefits. While the first pillar is based on solidarity, the second pillar of the pension system to the fore merit. This thesis seeks to assess the functioning of both these pillars, their most important challenges and opportunities of maintaining the pension system. The maintenance of the pension system is also connected to the main objective of the work, which is the second pillar of the impact on the government deficit, namely the Social Insurance Agency.

The aim of this diploma thesis Analysis of performance of pension funds is a detailed mapping of the area of pension to highlight the current shortcomings and to familiarize the reader with pension reform which vill come into force in January.The work is divided into five parts. In the first two sections the reader familiar with the operation of pension funds and pension funds, which are regulated by Act 42/1994 Coll. The third chapter is devoted to a comparison of the results of pension funds operating on the Czech market. The fourth part deals with the profitability of pension funds and the fifth chapter summarizes the most important changes in the pension reform awaits III. pillar pension system.

1. In the theoretical part: theoretical determination of retirement (pension) systems, determination of the pillared system in Slovak retirement sphere. 2. In the practical part: analysis of demographic situation, and resulting solutions for the innitiated Slovak pension reform, analysis and evaluation, in main features, of Slovak pension reform that was begun in the past. 3. Slovak pension reform evaluation with determination of its possible application for the Czech republic.

The theme of my thesis is "Investment life insurance in the Czech insurance market". At the beginning of my work I will analyse the developement of investment life insurance, which I mean the very beginning of the insurance industry in our territory to the insurance industry after the establishment of the independent Czech Republic. Attention in this section is paid and number of insurance companies, developement of prescribed premium or the number of insured persons. The second part is devoted to the characteristics of investment life insurance, such as the definition itself, its objective, conceptual apparatus, but also a form of investment strategies, creation of reserves and no less important level of charges. In the third section I compare the investment life insurance with other insurance products, namely capital life insurance and retirement life insurance. Comparison is made on insurance products of Kooperativa, a.s. Advantage of investment life insurance in connection with the past, present and the views and plans for the future are dealt with in another part of my work, with also mention the current crisis and factors affecting the investment life insurance market. In the fifth part I focus on pension reform and the potential impact on the investment life insurance. The conclusion is devoted to a specific models predetermined assumptions for different age groups.

My diploma thesis aims at legislation changes within pension scheme and employee benefits. The focus of my work is a detailed analysis of the present pension reform and consequently its effects on the attitude of companies. This matter is then analyzed based on my own practical research. At the same time my diploma thesis continues my bachelor's thesis dealing in detail the matter of Comparison of Motivation Efficiency of Pension Scheme and Life Insurance by Individual Providers.

My diploma dissertation concerns the theoretical introduction of the retirement system, economic theories and the cause of the retirement reform in the first part. The second part represents the analysis of so-called small retirement reform and is focused on the retirement system since the beginning in 2013 with the accent to newly established retirement saving. The aim of my diploma dissertation is the evaluation of the existing functioning of the second pillar and the reasons of the low interest of the inhabitants. The comparison with the chosen states where the retirement saving already operates is a part of the second pillar analysis. Slovakia and Hungary are the European representatives with the similar schema of the retirement system and Chilean system is based on the fund financing. The opinion of the population was checked with the questioning. The pivotal part of my diploma dissertation and its main goal is the analysis of the second pillar accession availability from the age, income, family situation, investment strategy point of view and other criteria. The strategy with the low earning is suitable for the higher incomes only as resulted from the calculation. The more aggressive investment strategy with higher earning is convenient for the younger people with lower income and the older the more suitable access contingent on the higher income. As there is no interest in the second pillar participation the goal of my diploma dissertation is the proposal of alternative methods as investment or saving products of the bank institution for the old age security.

This dissertation work analyzes the structure of mandatory spending in Czech Republic and explores their development since joining the European Union up to year 2014. The work deals with a public sector and with his changes in this period. The main part of the dissertation work analyzes the biggest part of mandatory spending- pension system and its reformation. It tries to clarify, wheather the third pillar of pension system is used for his purpose or for good opportunity to make savings with state support. In this dissertation work is included a part about second pillar of pension system. It analyzes frekvention of using by citizens of Czech Republic and why is it on determinated level. The dissertatoon work analyzes Czech pension funds which deal with both capital pillars. It also includes analyzes of reforms in first pillar - Pay as you go system. It examines oppinions of political parties on changes in pension system and describes their recomendations for future progression of pension system. In the last chapter is analyzed Slovak pension reform, because it was started before Czech reform and it allowes a comparation and edification about some faults.