Very often, politicians give most retirees more than just the rise in inflation. In the long run, this increases budget subsidies and puts pressure on the system as a whole. According to forecasts, pension costs will rise from 26 to no less than 33 billion euros in 2027. Company editor Manfred Schumi analyzes the calculations using examples.
Only rarely does it remain the case that pensions are “only” increased by inflation. Politicians often add something to it, and low pensions usually rise more sharply – from which people naturally benefit. Some of the higher ones have been modified less than originally planned. This is problematic because it violates the insurance principle, says Denes Kucera from Agenda Austria.
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.
