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Czech Cabinet Nears Agreement on Pension Overhaul, Lidove Noviny Reports

The three parties in the Czech government coalition are near agreement on a pension-system overhaul that will place more reliance on private savings for retirement, Lidove Noviny reported, citing Prime Minister Petr Necas.

The final agreement on the changes may be reached at a weekend meeting or in three evening negotiating sessions, the newspaper cited Necas as saying.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net.

To contact the editor responsible for this story: Alan Crosby at acrosby1@bloomberg.net.

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