[1] The first pillar is a defined benefit pay-as-you go system for all economically active individuals and it is valid since 1996.
People who join this system can change pension funds whenever they want without extra fees and they can receive payments after age of 60.
[1][2] The old-age pensions (Czech: starobní důchod) are the monthly benefits for people who have reached retirement age or who have worked for the required number of years.
They cannot perform any gainful activities, they have to reach a certain age and they must meet the minimum number of insured years.
[3] The invalidity pension (Czech: invalidní důchod) is for people who cannot fully work for health reasons.
The second component, a percentage amount, depends on the number of insured years and the degree of disability.
[3] People can receive this pension in the case of a husband's or wife's death.