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Austria Has Third-Highest Pension Costs in Europe
Politics ♦
Published: November 7, 2011; 12:57 ♦ (Vindobona)
Austria´s expenditures for retires reached 12.7% of ist GDP. Only France and Italy surpass Austria. Sustainability of the domestic pension system improved slightly.
Austria Has Third-Highest Pension Costs in Europe / Picture: © Vindobona.org
According to the Allianz pension index, European pension systems come more and more under pressure. The substantial rise in public debt causes an urgent need of reforms.
The study states that the sustainability of the Austrian pension is in the European middle field. Due to demographic trends, the public debt level and the current financial situation of pension funds, further…
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