Social Democrat senators say average pension must not drop below 40% of gross salary

07-08-2012

Senators for the opposition Social Democratic Party will lodge a complaint with the Czech Constitutional Court if the average pension drops below 40 percent of the gross salary, the Speaker of the Senate Milan Štech told journalists on Tuesday. Senator Štech said the complaint would be based on the argument that the Czech Republic has ratified an international convention under which old-age pensions should reach at least two-fifths of gross earnings. The upper house is to debate a government bill that will reduce the growth of pensions as part of a broader austerity package.