Although many special pensions were abolished 20 years ago, Social Security pays 344 million a year for them.
Because of a luxurious pension that Chamber of Commerce boss Harald Mahrer wanted to grant his secretary-general Karlheinz Kopf, the chamber needs an explanation.
The topic of luxury pensions is polarizing. Although they have been abolished in Austria, they will be a burden on taxpayers for decades to come. In 1995 the luxury pensions in the social security funds were abolished. Only in 2003 in the Workers’ Chamber. “This means that these pensions will still be a burden on us in 2070,” says NEOS MP Gerald Loacker. The calculation is simple.
Those who were born in 1975 and, for example, started working in social security after graduating from HAK in 1994, will retire around 2040. If the luxury pensioner lives another 20 years, the pension will be paid until 2060. The widow, who may be five years or more younger than her late husband, continues to collect the pension until the end of her life. That could be in 2070.
There are 17,768 extra pensions in the social security system, which will cost no less than 344.4 million euros in 2021 – paid from SV premiums. “Save on medicines and treatments, but the special pensions continue to be paid,” criticizes Loacker. The Chamber of Labor spends five percent of its budget on luxury pensions – paid for from membership fees.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
