New pension reform package: This is how the future of pension changes!

New pension reform package: This is how the future of pension changes!

From January 1, 2026, a comprehensive reform package of the Austrian government comes into force, which will fundamentally change the work and pension systems. The aim of these reforms is to increase the factual retirement age and to secure the financability of the pension system in the long term. The statutory retirement age remains unchanged at 65 years, but the corridor pension will only be available from 63 years, a year later than before. These measures are part of a strategy to keep people longer in working life and thus reduce the stress on the pension system. [Vienna.at] reports that the factual retirement age for men is currently 62.3 years and for women 60.2 years.

In addition, the statutory partial retirement from 2026 is limited to a maximum of three years, which is a big change for many employees who have so far had the possibility of a sliding exit. Instead, the new partial board is introduced, which allows employees to reduce their working hours by 25 %, 50 % or 75 %, while a corresponding share of your pension is paid out. The unpaid part of the pension continues to flow into the pension account, which increases the future pension. These reforms are also intended to ensure that there are no financial losses in the clearance, as this will continue to be calculated after full -time.

changes in additional earnings and control regulations

An essential point of the reforms is also the abolition of the additional earnings during the AMS reference, which is currently limited to a maximum of 551.10 euros per month. From 2026, this regulation will only apply in a few exceptional cases. In addition, the tax regulation for employed people is improved over 65. A flat -rate final tax of 25 % on earned income in the pension should offer a tax reward for further work.

An automatic saving mechanism will take effect from 2030 if the pension expenses exceed the budget frame by more than 0.5 %. This could result in measures such as longer contributions, later inaugural age or lower adjustments. The Minister of Labor and Social Affairs will also have to check the expenditure annually and be obliged to make necessary adjustments if the budget goals are not achieved. [Today.at] also describes that these reforms are necessary to ensure long -term financing of the pensions.

overview of the new regulations

The reforms are part of a comprehensive strategy to ensure pension claims and the financial stability of the pension system. Supporting data about the pension system in Austria can be viewed on the website of the [Ministry of Social Affairs] where important statistics and reports are published.