Czech Government Has State Pension Audited to Disprove Mismanagement Claims

17 May 2012 (PLANSPONSOREurope.com) – The Czech government will have the management of the state's pension system checked by the Supreme Audit Office (NKU) to disprove opposition claims that the money may be misused, according to the Prague Daily Monitor. 

Labour and Social Affairs Minister Jaromir Drabek announced the audit after a cabinet meeting earlier this week. 

The opposition Social Democrats (CSSD) recently said they would demand that the NKU check the management of the state pension. 

Earlier this month a group of CSSD pensioners said the NKU should check the pension account because they believe the government is not sending all the payments to the account and is not using the money correctly. 

According to the paper, the Finance Ministry considers the accusation absurd. Its spokesman Jakub Haas said the pension's deficit has nothing to do with bad management. 

The pension account deficit was 45.35 billion crowns last year. According to the paper, its deficit for 2012 has been estimated at 49.7 billion crowns. 

PLANSPONSOREurope Staff
editors@plansponsoreurope.com