Differences in industry – this is how our pensions are really financed

The head of the Christine Mayrhuber Retirement Security Commission tries to objectify the subject. In a ‘research letter’ published on Friday, she states that the costs for the insurance of old age within the framework of statutory pension insurance would be financed by around 73 percent by contributions from the actors who are active and approximately 27 percent of the federal budget. That ties in a total of approximately 13 percent of the federal budget.

78.6 billion for age costs
In the previous year the age costs amounted to just under less than 78.6 billion euros, including 63.5 billion in legal pension insurance, including self -works and those insured according to the General Social Insurance Act (ASVG) – such as employees and freelancers. The rest of the officials are eliminated.

The degree of coverage has even increased in recent years due to contributions. In the 1970s, the contributions of employees were sufficient for around 68.7 percent of the pension costs, in 2024 it was 73.1 percent.

Otherwise depending on the professional group
However, there are major differences between the professional groups. For the farmers, the contributions of the active people in social security only cover a fifth of the costs, around 80 percent are financed by general tax funds. This is already explained by the fact that an active insured person is confronted on average 1.2 pensions. The fiscal funded share, on the other hand, was 55 percent for traders, but only a fifth in the ASVG.

The federal funds in statutory pension insurance and officials meet six percent of the economic output (3.5 percent statutory pension insurance and 2.5 percent officials). According to the latest predictions of the Old -Ate Security Committee, this share will increase to around 7.2 percent by 2032 and it will remain around seven percent by 2070.

Wifo -Expert: Need a better integration on the labor market
Mayrhuber also gives suggestions about keeping federal funds under control. To do this, she emphasizes that the retirement age remains a central audit variable, even after the intention of women. A further increase also requires framework conditions at companies that have engaged employment and promotes to regular age and then.

In any case, the WIFO expert argues for the labor market for greater integration of the elderly. She also recommends preventive and rehabilitation measures in the health sector. Finally, Mayrhuber notes that the adjustment of the contribution rates to the level of dependent employees would improve the level of self -financing.