Pension reform now! Urgent measures required for Austria's future

Pension reform now! Urgent measures required for Austria's future

Laimgrubengasse 10, 1060 Wien, Österreich - An alarming WiFo study today publishes the urgent need for action in the Austrian pension system. According to Sophie Wotschke, the chairman of Junos, it is time to manage the pension debate honestly and fact -based. The study confirms the concerns that Neos has expressed for years: Without courageous reforms, the system faces significant financial challenges. The rapidly increasing grant and the low factual retirement age illustrates the urgency to fundamentally rethink the existing system. Wotschke calls for a flexible pension system that secures both future workers and the older generation. APA-OTS reports more about this.

Comparison of European pension systems

The WiFo study also illuminates the variety of pension schemes in Europe, which either aim to avoid poverty or maintain the standard of living. The analysis based on the three -column model of old -age provision shows that many European countries have implemented different solutions. While in countries that focus on avoidance poverty, company and private pension provision are more common, workers in Europe receive pension benefits that are between 55% and 100% of their income. A clear trend is emerging in countries such as Austria and Poland, in which forecast exits in the public pension system are alarming. These findings underline the central reform needs and the potential in old -age provision, which is impressively presented by the WIFO.

Regardless of the political discussion, it must be emphasized that sustainable solutions in pension policy are indispensable. The current challenges require immediate measures to guarantee financial stability and future security for all generations.