Suche
Red alarm level: Carinthia's pension system is faced with collapse!
On August 14, 2025, Nika Basic addressed the critical situation of the pension system in Carinthia and demands necessary reforms.
Red alarm level: Carinthia's pension system is faced with collapse!
On August 14, 2025, Klick Carinthia reports on an alarming situation in the Austrian pension system. Already on August 12, 2023, the pension budget was calculated for the year. From this date on, 230 million euros flow from other funds every day, which strongly endangers the financial stability of the system.
Since August 17, 2023, people in Austria have been working “for themselves” for the first time; Before that, every euro deserved went to the state. Nika Basic, the Vice President of the Carinthia Chamber of Commerce, describes these late data as a "double alarm sign". In her warning, she demands a comprehensive package of measures to cope with the impending crisis.
Necessary reforms
Basic suggests reducing the tax and tax rate and pairing the age of pension to life expectancy. In addition, it calls for more efficient administration to better use the financial resources. The burden in Austria is currently 47 percent, which is well above the OECD average of 34.9 percent.
In international comparison, there are positive examples: The Netherlands shows that a strong welfare state is also possible with a lower tax rate. However, Basic warns that without comprehensive reforms there is a dangerous imbalance that could have profound effects on the entire social system.
The current situation throws a light on the challenges in front of which many European countries are facing, especially with regard to retirement provision and financial sustainability. In order to ensure a stable and just welfare state, basic changes are more than urgently required.
For more information about today, such as the date or the current time, the Quediaeshoy platform offers a useful overview. Here you can find out more.