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Austrian Industry Promotes Employment of Older Workers
The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.

According to the research institute EcoAustria, the integration of people aged from 55 to 65 in the labor market may cause a decrease in public expenses by € 7.4bn. “If we would reach a comparable increase in employment of older workers like in Germany until 2022, this would bring about € 7.4bn for Austria´s budget.” IV´s President Georg Kapsch explains.
“The example…
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