Absurd case – Less pension because Wener works longer

Date:

A 61-year-old woman has stayed longer to supplement her low pension. Due to the so-called part-time allowance, she receives less pension because she works a year longer than she should!

Mrs. K., born on September 3, 1962, would have had her regular retirement date on October 1, 2022. Since the mother of three children only has a pension of 1034.43 euros due to raising children, she has agreed with your company to stay one year longer until October 1, 2023 to supplement your pension.

Pension reduced by 11 euros per month
But instead of her pension
increasethe Viennese has this because of the longer workin reduced. The Chamber of Labor (AK) reports to the “Krone” about this absurd case. When you retire1.10.2023 is the woman’s pension entitlement 1161 euros. Bee Pension as of January 1, 2023 yourself a pension amount of 1172 euros. Mrs. K. works in a laboratory.

The reason for this is the so-called Apply (pro rata addition) of the pension increase: NYou will only receive the full amount if you retire on 1 January of the year in which you retire inflationaamendment. For each subsequent calendar month, the adjustment is reduced by ten percent. In other words, if you do not retire until 1 November, will not receive any pension increase at all in the following year.

Nine percent pension adjustment from 2024
Due to the high inflation, the pension adjustment in 2024 will be around nine percent. This means that everyone who retires on 1 January 2023 will also retire from 2024.
new percent increased pension. But those who retire after 1 November 2023 will lose their pension due to inflation. And not for one year, because the pension then falls for the entire pension new percent lower. In short: anyone who retires later has a clear disadvantage and loses during his retirement thousands euros.

AK and SPÖ demand that the government immediately suspends the pension adjustment for 2024t and adjust the value adjustment in the pension account in the coming monthst.

Source: Krone

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