The Czech government, led by Andrej Babiš, is preparing a significant reform of the country’s third-pillar pension system. The proposed changes, slated to take effect in January, aim to improve returns for pension savers, particularly by encouraging younger generations to participate. Key aspects of the reform include adjustments to state contributions, revisions to investment strategies employed by pension funds, and a reduction in fees charged by these companies. The overhaul will also eventually impact existing supplementary pension schemes. The government hopes these measures will boost overall pension savings and provide more financial security for retirees. The reforms represent a substantial shift in how private pensions are managed in the Czech Republic.