Full expansion of company pension schemes: a profit for all Austrians!

Full expansion of company pension schemes: a profit for all Austrians!

Laimgrubengasse 10, 1060 Wien, Österreich - The company pension scheme in Austria receives an important thrust. The government has announced that as part of the General Pension Cash Contract, the company pension scheme is accessible to everyone, which was recognized as an excellent news by Andreas Zakostelsky, the chairman of the specialist association for pension and pension funds. Around one million people in Austria are currently entitled to get a pension fund pension, but with the planned full expansion, this number could increase to four million. Pension fund recipients currently receive an average of 417 euros per month, which is paid 14 times a year, such as ots.at reported.

The retirement security commission is now also illuminating the second and third pillars of the pension system, which Zakostelsky described as an important step. At the same time, however, he pointed out that the outskirts mentioned in the government program could be a danger to the collective system. "Such an intervention could be interpreted as an expropriation," warned Zakostelsky. Therefore, the concrete implementation of the planned expansion is of central importance, and the specialist association offers the government of advisory support.

positive developments in the pension system

The current figures show that the domestic pension funds have achieved a remarkable performance of 7.76 percent for 2024, while the pension funds achieved 4.93 percent. This positive development has an immense impact on the financial stability of the pensioners. According to a study by the WIFO, a contribution of 2.5 percent of the gross wage could already increase the overall pension by up to 19 percent, which is a significant financial upswing for many, as wko.at . A nationwide expansion of company pension schemes is required to secure the living standard of the pensioners in the long term.