Forty years of hard work, retiring at 65, barely being able to survive on your income: many Austrians only realize what saving means when they retire. The insurance companies offer the option of purchasing additional months of school or study at an early stage. Krone+ looked at who this would be worth.
The standard retirement age for retirees is 65 for men. From January 1, 2024, the age limit for women aged 60 and over will be increased by six months per year until the age of 65 in 2033. In other words: Everyone born after July 1, 1968 must work until they are 65 years old.
However, there are also some options to retire early:
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
