Pension reform: Experts are calling for urgent measures for the future!

Pension reform: Experts are calling for urgent measures for the future!

In an urgent call to reform the pension system in Austria, experts in "Action Generational Course" have expressed their concern about the demographic changes. At a press conference, the representative Georg Feith noticed that the current distribution of pensioners and employed people is alarming: While 4.5 employees came to a pensioner in 1980, this value fell to three in the previous year and will only fall to only 1.7 by 2050, like the Kleine Zeitung reported. In order to counteract this worrying trend, a comprehensive reform of the pension system was required, which includes a rapid increase in the age of retirement and other necessary measures.

The new study by the Economic Research Institute (WIFO) notes that the pressure on the Austrian pension system increases. According to the study manager Dr. Thomas URL show comparisons with other European countries that the majority recently increased retirement age. Countries such as Denmark are planning to reach an increase in 74 years by 2070, while an increase is sought to 72.5 years in Greece. Feith calls for a solidarity redistribution of the costs for the pension system and suggests that more work should be worked and more precautions should be operated by a capital -covered 2nd pillar. The too expensive reforms of recent years should also be checked, so OTS .

urgent need for action

The experts agree: rapid action is essential. WiFo director Gabriel Felbermayr emphasizes that both a poor economic situation and high international pressure increase urgency. Measures such as the introduction of an automatic adaptation mechanism that couples pension performance to life expectancy and a review of existing pension claims are planned. Walter Pöltner, former chairman of the retirement security commission, expressed skepticism that politics takes the urgently needed need for action seriously, and pointed out that this must be considered in connection with the upcoming legislative period.