Fight for the pension system: Experts demand immediate reforms!

Fight for the pension system: Experts demand immediate reforms!

Laimgrubengasse 10, 1060 Wien, Österreich - In Vienna, leading experts and politicians urgently call for a comprehensive reform of the Austrian pension system. At an event of the generation equality campaign, the urgency became clear: the pension system faces enormous challenges, confirmed by a current report by the old -age security commission. "A successful implementation of pension reforms is favored by a poor economic situation and high international pressure," said WiFo director Univ.-Prof. Mmag. Gabriel Felbermayr. He emphasizes the need to act now while political negotiations are underway.

The retirement security commission has been criticized since its foundation in 2017, since it has insufficiently fulfilled its reporting obligations, according to the Court of Auditors. In the period from 2017 to 2022, no clear statement was made to the long -term affiliation of the pension system. This lack of strategic control is identified as a significant problem in order to promote the necessary reforms and operating adjustments for demographic change, as in the report on the Pension system is mentioned.

demographic challenges and measures

The experts point out that the increasing life expectancy and at the same time falling birth rates significantly change the distribution between employment and pension recipients. Prof. Dr. Monika Köppl-Turyna from Ecoaustria states: "The best time for reforms was 20 years ago, the second best is now." Georg Feith, spokesman for the generation justice campaign, calls for a fairer distribution of costs, extended working hours and increased private provision by a capital -covered 2nd pillar. The challenges are huge, and concrete steps of action must be initiated immediately.

The Court of Auditors also emphasizes the unexplained starting point of the retirement security commission, which did not present any clear criteria for assessing sustainability. The continuous pressure on the reforming of the pension system is considered crucial in order to ensure the supply of the older population without excessive stress for the employed and the federal budget, according to the experts.