Austria | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Austria


Austrian Flag Austria

 

 

 

Austria’s retirement income system consists of a defined benefit public scheme with an income-tested top up for low-income pensioners and voluntary private pension plans.

The overall index value for the Austrian system could be increased by:

  • introducing a minimum access age so that the benefits from private pension plans are preserved for retirement purposes
  • increasing coverage of employees in occupational pension schemes thereby increasing the level of contributions and assets (can be done by collective bargaining agreements or tax effective regulation)
  • enabling individuals to retire gradually whilst receiving a part pension
  • increasing the labour force participation rate at older ages as life expectancies rise.

RRF19921 MMGPI Report 0616 Chart WEB 1000x950 03 AUSTRIA Austria

Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2016 51.7  67.4 16.0 76.7
The Austrian index value fell slightly from 52.2 in 2015 to 51.7 in 2016 due to a number of small changes.
2015 52.2  67.6 17.2 76.8
The Austrian index value fell slightly from 52.8 in 2014 to 52.2 in 2015 due to a number of small changes.
2014 52.8  67.5  18.9 76.6
  New to the Index

Media 2016:

Media 2015:
Media 2014:

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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies