The news has probably not only caused a stir in our comments section: according to experts from the economic and social sectors, tackling the major issue of pensions is essential in order to restructure the budget. As a first step, the retirement age should be raised from 65 to 67. Below we have collected the views of our community for you.
In the long term, the head of Wifo also proposes to link the retirement age to life expectancy. The current system is not sustainable due to the decreasing number of employed people. Austria would not be alone in this: research shows that many countries are raising the retirement age to stabilize the system.
Health as the main concern
That makes sense to many people. However, our readers are concerned about this. Many of these relate to physical performance in old age. It should be noted that, for example, an office job cannot be equated with heavy physical work.
Contribution months must count
An equally general opinion among readers: the emphasis should be on the contribution months in the sense of a minimum working time. This wouldn’t be alone Tyrol2.0 think it’s fairer.
Motivate young people and the unemployed
One of them is that the horse is put into the bridle from the wrong side Isdesso And fusiker convinced and they are not exactly in the minority.
Savings plans required
People like other suggestions Country air30 or finch. They think it is better to think about suitable savings plans to balance your budget.
What do you think about Wifo’s demands and the opinions and ideas of our community? Do you have any other suggestions on how the pension system in Austria can be sustainably reformed? Join the discussion in the comments, we look forward to your contributions!
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.
