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Austria Today

Austrian news in English

Friday, September 20, 2024

Austria Debates Pension Age Increase

Published: 2024-08-23

In Austria, a heated debate has erupted over the proposal to raise the pension age from 65 to 67. Christine Mayrhuber, head of the Pension Commission, argues that this change is necessary to maintain financial sustainability amid rising costs.

However, the proposal has met with strong opposition from political parties like the FPÖ, SPÖ, and the Pensioners' Association, who argue that it would unfairly burden older workers.

The Greens suggest focusing on the effective retirement age instead, while the Neos and Young Industry support the reform, citing the need for generational fairness.

The discussion highlights the broader challenge of balancing pension sustainability with social equity in an aging society.