Breastfeeding system: How to ensure your standard of living in old age!

Breastfeeding system: How to ensure your standard of living in old age!

In the current discussions on pension reform in Austria, it is urgently emphasized how important strengthening the company and private pension. Experts warn that without these measures the future pensions in the country are at risk. Ralph Müller, Vice President of the Austrian Insurance Association VVO, explains that the existing system in Austria must build on a solid foundation that is supplemented by operational and private pensions. "Scandinavian countries or the Netherlands impressively show how the 3-pillar model can lead to higher and sustainable pensions," said Müller. The problem, however, is that there is still a considerable potential in operational and private retirement provision in Austria, as Andreas Zakostelsky, chairman of the specialist association of the pension and pension funds in the Austrian Chamber of Commerce (WKÖ), adds.

examination of the pension accounts essential

The statutory pension in Austria depends crucially on the contributions paid. In order to maximize the pension, it is therefore advisable to clarify your own pension account, as biallo.de . It is necessary to prove at least five years of insurance. Times without earnings, for example education or child -rearing times, can also count, but must be requested to be taken into account.

For everyone who strives for an early pension, there are opportunities for additional payment to close pension gaps and increase the retirement pension. In addition, additional pension points can be purchased under certain conditions to avoid financial losses in retirement. It is important here to plan in time and, if necessary, make special payments, as this plays a crucial role for many future pensioners.