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


Austria


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Austria’s retirement income system consists of a hybrid 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 (which could be done by collective bargaining agreements or tax effective regulation)
  • raising the level of household savings
  • increasing the labour force participation rate at older ages as life expectancies rise

 

Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2017 53.1 67.6 19.9 76.4
  The Austrian index value increased from 51.7 in 2016 to 53.1 in 2017 primarily due to the inclusion of the new economic growth question in the sustainability sub-index.
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 2017:

Media 2015:

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