Czech Lawmakers Approve Slower Growth of Pensions, CTK Reports

Czech lawmakers approved a draft law cutting growth of pensions for three years as part of government measures to reduce the budget deficit, the CTK newswire reported, citing the result of a parliamentary vote.

The opposition Social Democrats will probably veto the bill in the upper house of parliament, the Senate, and return it to the lower house for another vote, the newswire said.

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

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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