Mendel University in Brno provides its employees with a contribution for selected retirement savings and long-term care insurance products in the amount of CZK 500 per month. These products include supplementary pension insurance with state contribution, supplementary pension savings, life insurance, long-term investment product and long-term care insurance. The employer contributes to only one of the products chosen.

Piggy bankAn employee who meets the following criteria is entitled to the allowance:

  • the employment lasts continuously for at least 3 years
  • the contract is concluded with a maximum length of 0.5; ie. at least 20 hours per week (lower working hours from various employment relationships with the employer do not add up)
  • has concluded a contract on supplementary pension insurance, supplementary pension savings or life insurance in the amount of at least CZK 100 per month
  • if the Application for the provision of the employer's contribution is confirmed by the employer

 

The allowance will not be provided to employees:

  • has a salary of less than CZK 2,000 per month (eg due to sick leave, family member care, maternity or parental leave)
  • on unpaid leave longer than 10 working days in a calendar month
  • released to perform a public function
  • for a period of 3 months from the date of the decision on unexcused absence of the employee
  • upon the termination, even temporarily, of the conditions set out in the preceding paragraph

 

For more information on the provision of the employer's contribution, please refer to the relevant Rector's methodological instruction.

If you wish to apply for an employer contribution, please complete the Application for the provision of an employer's contribution and forward it to your HR Officer. If you already receive an employer contribution and you decide to change the product you want your employer to contribute to, bring a completed Report of Changes - Employer Contribution to Pension Products form to your HR Officer.

 

Changes in supplementary pension insurance and supplementary pension savings from 1 January 2024

  • Tax savings of up to CZK 48,000 per year. It will now be possible to deduct your own contributions from the tax base up to a total of CZK 48,000/year and the resulting tax will be reduced by up to CZK 7,200 per month.
  • The minimum savings period is extended from 5 to 10 years. For new contracts, the compulsory minimum savings period for which you must save to qualify for a proper payment of savings has been extended.

 

Changes in supplementary pension insurance and supplementary pension savings from 1 July 2024

  • The maximum state contribution will increase to CZK 340. The maximum monthly state contribution will increase from CZK 230 to CZK 340. It will now represent 20% of the client's monthly deposit. The maximum state contribution of CZK 340 will therefore be reached if you save at least CZK 1,700 per month.
  • The entitlement to the state allowance starts at CZK 500 per month. Until now, the state contributed at least CZK 300 per month. From 1 July 2024 this amount will increased to CZK 500 per month. The state will no longer provide state support for lower deposits. The minimum amount of the state contribution has been increased from CZK 90 to CZK 100 per month.
  • The state contribution will not be granted to retired pensioners. As of 1 July 2024, persons receiving a retirement pension will not be entitled to the state allowance. However, there is no need to terminate these contracts, as the money deposited may continue to appreciate in value. These employees can continue to receive the employee contribution and deduct the own contributions paid from the tax base in their annual tax return.

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