Participants in the Czech old supplementary pension scheme will leave the product in the coming years, the Association of Pension Companies of the Czech Republic (APS) has said, explaining that it is not necessary to intervene in its operation.

Before 2013, people could enrol in the old supplementary pension scheme, also known as transformed funds and pensionní připojištění, which guaranteed a positive annual return but invested very conservatively.

Since 2013, the new pension scheme, doplňkové penzijní spoření (DPS), has been available, which allows savers to choose among various investment strategies, with the potential for much higher long-term returns, although without guaranteed annual gains.

The APS noted that the number of investors in the DPS has already exceeded the number of investors in the old pension scheme.

It also suggested that many participants in the old scheme have started drawing their pensions or are switching to DPS.

The old supplementary pension scheme, which has been closed to new entrants for over 12 years, does not need any special regulation, APS said.

APS president, Aleš Poklop, said during a "Ladíme Česko" discussion on the Seznam Zprávy website, that the situation of the old pension fund will be resolved "in a natural way" in the coming years – the old funds will face another outflow of participants and capital.

Poklop highlighted that 200,000 people transitioned to the DPS and added: “If the pace of departures is the same as it has been so far, there will be about 100 billion crowns left [in the old funds] sometime in 2030”.

This can be supported by recent APS figures that showed that the DPS hit two million members in 2025, with more participants than the old supplementary pension scheme for the first time.

It also revealed that the number of participants leaving the old system and switching to the new supplementary DPS is increasing.

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