Austria's pension reform: partial board as a step into the future?
Austria's pension reform: partial board as a step into the future?
The Austrian pension system faces major challenges. The Secretary General of the Industrial Association (IV), Christoph Neumayer, comments on the current state and indicates the urgent need for structural reforms. Today, on June 17, 2025, the IV announces that the structural defectiveness of the pension system is occupied by numerous institutions such as the OECD, WIFO, IHS, Ecoaustria and the fiscal council. Neumayer emphasizes that the industry is fundamentally open to a new sub -pension model that should enable a flowing transition from working life to the pension.
However, it is clear that this partial pension model cannot be seen as a sole solution for the existing problems in the system. The IV warns that the partial board cannot replace structural reform steps in the pension system. It must be ensured that the implementation of such a model is practical and unbureaucratic for the companies. It is also important to avoid distortions of the statistics that people in the pension reference could incorrectly represent as employment.need for action in the pension system
The current OECD report "Pensions at a Glance 2023" refers to the lack of sustainability of the pension system in Austria in an international comparison and shows that the factual retirement age in Austria is significantly below the OECD average. Pension expenses are among the highest worldwide, and the associated grant requirements from the budget continue to rise. In the budget 2024, around 30 billion euros are planned for pensions, which corresponds to about 30 percent of the total income. This means that four times as many funds are available in the federal budget as for science and research.
In order to deal with these challenges, reforms are urgently required. The OECD report supports the demands for structural reforms for sustainable pension reforms and emphasizes the importance of incentives for a longer remaining remaining in working life. This would have to arise legal regulations that redefine the access to age and restrict early retirement in order to adequately map the increased life expectancy.
expert opinions and perspectives
Neumayer emphasizes that not only a partial pension model, but also comprehensive and concrete effective reform measures are necessary in order to increase the factual retirement age in Austria. The pension commission has also found that reforms are necessary to avoid early retirement. If the system does not escape into statistical tricks to increase the numbers, the need for action remains untouched.
The reports of the Ministry of Social Affairs and other studies offer in -depth insights into the problem. Documents such as "The Pensions System in Austria - An Overview 2025" as well as various reports on retirement provision and disability analyze developments and challenges of the pension system and can serve as valuable resources for a well -founded discussion.
The situation requires action at the political level to ensure sustainable and fair pension for all citizens. The discussion about reforms urgently needs to be taken up in order to take into account the demographic change and the associated challenges.
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| Ort | Österreich |
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