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Young Industry on Pensions: Failure of Politicians is "Evidence of Incapacity"

Published: March 19, 2011; 10:33 · (Vindobona)

Mitterbauer said: "Austria continues to be a record holder for early retirement, despite the massive and long-term need for action." Inaction is "an affront to the younger generations".

Young Industry on Pensions: Failure of Politicians is "Evidence of Incapacity" / Picture: © Reuters

As "irresponsible and a political evidence of incapacity" the Federal President of Junge Industrie (JI, Young Industry), Therese Mitterbauer, describes the inaction of the federal government, given the latest figures from the OECD.

“Concerning both the retirement age and the employment rate of older people, Austria is among the worst performers in the OECD. The costs of the…

This article includes a total of 214 words.

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