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Czech Pension Revamp Faces Backlash as Unions Plan Protest

Zbynek Stanjura

Zbynek Stanjura

Photographer: Valeria Mongelli/Bloomberg

The Czech government is facing growing public discontent over its plans to revamp the pension system as part of efforts to rein in budget spending.

Labor unions called a rally for March 29 to protest against an idea floated by Finance Minister Zbynek Stanjura to raise the retirement age to as high as 68 years, from 65. The ruling coalition has already pushed through a bill that changes the formula for automatic inflation-linked increases in pensions to save money.