Pension reform
With pension reform is in Austria , the reform of the legal provisions, the pension and retirement benefit relating, respectively. Pension reforms last took place in 1997, 2003 (“pension security reform”) and 2004 (“ pension harmonization ”).
Explanation: The term pension in Austria corresponds to the term pension commonly used in Germany . A pensioner (retiree) in Austria draws its pension from a pension insurance agency . Austrian officials in retirement will receive a retirement benefit.
General
The need for pension reforms due to economic and demographic developments is largely recognized. However, there are profound differences of opinion about the goals and scope of such a reform. The following measures are being discussed and some have already been legally implemented:
- Increase in the legal and actual retirement age
- Increase in insurance premiums
- Reduction in insurance benefits
- Expansion of private pension provision through state funding
1987 pension reform
1992 pension reform
- Federal constitutional law on the equalization of the retirement age for men and women by gradually increasing the retirement age for women
1993 pension reform
- Parental leave
- Reduction of the retirement age (" early retirement due to disability") - 57 years (men) or 55 years (women)
- "Age factor" when retiring after 55/60 age
1996 pension reform
- Surcharges for retirement after the 56th / 61st Years of age, deductions if you retire earlier
- Rehabilitation before retirement
1997 pension reform
Pension reform 2000
- Long working hours regulation (" Hackler regulation "): full pension entitlement from 60 (55) years with 45 (40) contribution years for men (women)
Pension reform 2003
- Abolition of early retirement
- Extension of the assessment period to 40 years
- Loss limitation ("cap") 10%
2004 pension reform
- Introduction of a personal " pension account "
- Lifelong calculation
- Reintroduction of early old-age retirement (" corridor pension ")
- Heavy work regulation
- Pension adjustment based on the consumer price index
- "Sustainability factor": Development of statistical life expectancy affects the starting age, contributions, benefits, etc.