“Blame” is inflation – why new retirees lose thousands of dollars

Date:

The news caused a stir on Wednesday morning: due to a “side effect” of the high inflation, the existing rules for calculating pensions suddenly have such a negative effect that those affected can lose tens of thousands of euros. These are mainly those who will retire this year or in 2024. We explain the background that affects about 300,000 people.

About 100,000 Austrians retire every year. “But anyone planning to do so this year or in the next two years is threatened with significant losses on their pension,” warns AK expert Wolfgang Panholzl. The cause lies in the sharp rise in inflation, which has a negative effect on the calculation of the pension.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

More than 2 euros for fuel – escalation in Iran can double the oil price

The now wide -losing war between Israel and Iran...

After Grazer Amoclauf – Kunaseek: “You have to check the psychot tests”

After the terrible tragedy on the Graz Borg Dreierschützengasse,...

Viennese on the way home – hit the nose with a hammer: imprisonment

For an apparently invalid reason, a group of Somalier...

Incredible turn – Orphans had to go, their supervisors are coming back

52 children were brought back from Austria to their...