Pension debate in Austria: Are cuts really necessary?

Pension debate in Austria: Are cuts really necessary?

Laimgrubengasse 10, 1060 Wien, Österreich - The President of the Austria Pensioners Association, Dr. Peter Kostelka, warns of the latest claims of some industry representatives who demand extensive pension cuts and an increase in the statutory retirement age to 67 years. These proposals, which are supported by the industrial association, the NEOS and individual economic researchers, could lead to many pensioners in Austria slip into the infringement of poverty, such as ots.at reports. Kostelka criticizes that the adjustments to the inflation rate should be withdrawn, which would also burden the pensioners already suffering from the high inflation rates. Such a development is unacceptable, especially after many have already pre -financed the extreme inflation of the last one and a half years.

Problems due to the statutory age increase

Kostelka also points out that an increase in the retirement age is only a "defacto pension cut" and creates more problems than it solves. The unemployment rate is currently high for older workers, and without corresponding labor market conditions it will hardly be possible to work longer. The signs of time would have long been recognized, but instead of creating relief, an outdated way of thinking would be propagated. As pvoe.at demands an age-appropriate design of the working world to give older people the opportunity Working age.

In addition, Kostelka emphasizes that older people represent far more than just a cost factor: they bring significant economic value into the system due to their consumption and shopping of 50 billion euros and voluntary work. Instead of putting in the foreground that older citizens cause costs, the social importance and the economic benefit of this generation should be recognized. The pensioner association will continue to arise against all plans for the deterioration in pension conditions and calls for fair and fair treatment of the older population in Austria.