Decree No. 40 / 2013 Coll.
Order on the formalities for the offer of pension insurance
Valid
Effective from 01.03.2013
40
DECLARATION
of 4 February 2013
on the formalities for the offer of pension insurance
The Czech National Bank provides pursuant to § 110 (1) of Act No. 426 / 2011 Coll., on Pension Savings, for implementation of § 24 (3):
Subject matter
This decree regulates the terms of the pension insurance offer pursuant to § 24 (2) of Act No. 426 / 2011 Coll., on Pension Savings ("the Act ').
Forms of the pension insurance offer
(1) The offer of insurance of individual types of pensions pursuant to Article 18 (1) of the Act published on the insurance company's website contains a programme application for the calculation of individual types of pensions (hereinafter referred to as the "programme application").
(2) The offer of insurance of the various types of pensions pursuant to Article 18 (1) of the Act is published in the Czech language in a free and understandable form, not requiring knowledge of other documents. The offer of pension insurance must not be misleading, misleading or false.
Programme application
The programme application in the case of an offer of pension insurance pursuant to § 18 (1) (a) or (b) of the Act shall provide at least information on:
(a) the guaranteed amount of the pension payment;
(b) the amount of the increase in pension payments pursuant to Paragraph 18 (2) of the Act;
(c) a comparison of the amount of the participant's funds with the sum of all expected pension payments referred to in (a);
(d) the amount of any items taken into account in the calculation of the guaranteed pension instalment reducing its amount.
The programme application in the case of a pension insurance offer pursuant to Article 18 (1) (c) or (d) of the Act shall provide at least information on:
(a) the guaranteed amount of the pension payment;
(b) the amount of the increase in pension payments pursuant to Paragraph 18 (2) of the Act;
(c) a comparison of the amount of the participant's funds with the sum of all the instalments of the pension referred to in (a) for the duration of the insurance.
Information on expected investment return
If information on the expected investment return is included in the pension insurance offer pursuant to Article 18 (1) of the Act, the programme application shall provide information on the expected amount of the increase of the pension payments by the share of the investment income referred to in Article 22 (1) of the Act separately from the information referred to in Articles 3 and 4 and indicating that this increase is not guaranteed. This information must be based on real evidence and realistic expectations. Only selected data or data for selected periods of time in which exceptional returns have been achieved may be reported and the offer shall contain information that past returns do not guarantee future returns.
Efficacy
This Decree shall take effect on 1 March 2013.
Governor:
Ing. Singer, Ph.D., v. r.
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Regulation Information
| Citation | Decree No. 40 / 2013 Coll., on the formalities for the offer of pension insurance |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 20.02.2013 |
|---|---|
| Effective from | 01.03.2013 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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