Retirement Plan: „Austria is Negative Example“

People ♦ Published: February 17, 2012; 19:10 ♦ (Vindobona)

The Federation of Austrian Industries (IV) argues that Austria would be a negative example for the sustainability of the retirement plan. Early retirements should be limited, IV claims.

Retirement Plan: „Austria is Negative Example“ / Picture: © IV / Markus Prantl

IV reaffirmed its criticism on the Austrian retirement policy and appreciates the initiative by the EU-Commissioner Laszlo Andor, who aims for reforms of the European retirement plan. “As member stated cooperate closer and are tied economically and socially, pensions are not a national issue anymore. It becomes an issue of common interest.” Christoph Neumayer at IV says.