ABOUT PROSPECTS OF OLD-AGE SECURITY SYSTE M

The article shows the problems of old age security that has emerged in the last several years in connection with the changing conditions of the population and the economy's development. The quickly changing cha racter of the pre-productive population is discussed in terms of the p ension system's outlook. One change seen in recent years is the beginn ing of a decline in population, which is occurring despite the increas ing life expectancy. In the future this drop will be reinforced by a d eclining marriage rate and a rising divorce rate. The Czech Republic h as one of the lowest birth rates in Europe. If the funds allotted to s ocial security do not increase, the average pension will decline as th e number of old pensioners increases. Aside from the necessary raising of the retirement age, the basic way of developing security for old a ge will be to increase productivity. It is not realistic to count on i ncreased employment to affect pension growth; the main source must be increased productivity. As the new system (with finances for old age s ecurity), which involves a more intensive exploitation of sources, gai ns importance, the ''pay as you go'' system will increase, too.