We provide a comprehensive range of key figures, financial data and statistical results on the Austrian pension system. In addition, the figures and time series shown facilitate an international comparison with other EU countries and OECD member states.
EU & International
EU legislation and bilateral social insurance agreements prevent disadvantages from arising due to the international employment histories of persons who have made pension insurance contributions in several countries. International regulations thus protect the rights of employees.
Pensions policy is the responsibility of the individual nation states of the European Union. However, the EU Commission and international organisations draw up comparisons of the development of pensions and pension policy in different EU countries.
These organisations include, for example, the Organisation for Economic Cooperation and Development (OECD), the International Labour Organisation (ILO) and the International Monetary Fund (IMF), or also the World Bank.
Entitlement to a Pension in More than One Country
Those who work in several countries and thus acquire pension insurance periods in another EU Member State, or in a country with which there is an agreement in the field of pension insurance, can apply for pensions in several states. Further information on how pension insurance entitlements held by a person who has worked in different states is dealt with can be viewed in the section on pension insurance under the heading “Insurance in several states”.
At a Glance: Intergovernmental Relations Between Austria and Other Countries in the Field of Social Security
The summary of Austria’s intergovernmental relations in the field of social security at a glance is intended to provide an overview of its intergovernmental relations with other countries and international organisations.
However, due to the frequently large differences between the respective instruments, the overview cannot provide detailed answers on specific individual cases. In such cases, those affected are advised to make enquiries to the responsible pension organisations or to read up on information about the relevant instruments.
An International Comparison of Pensions
EU Ageing Report
The Ageing Report is a report drawn up by the EU Commission every three years which illustrates and analyses the most important parameters of expenditure on old age in the Member States. The most recent report is the EU Ageing Report 2018.
According to the results of the projection, expenditure on pensions will rise from 13.8 percent of GDP in 2016 by 0.5 percentage points to 14.3 percent of GDP in 2070. However, the greatest increases in expenditure in the future can be expected in the fields of long-term care and health.
The 2018 Pension Adequacy Report
The 2018 Pension Adequacy Report: current and future income adequacy in old age in the EU (abbreviated to Adequacy Report) was compiled by the Directorate General for Employment, Social Affairs and Inclusion of the European Commission and presented in April 2018. It is the third report (after 2012 and 2015) on the commensurability of pensions. It consists of two parts: Adequacy Report 2018 Vol. I (Analyses) und Adequacy Report 2018 Vol. II (Country Reports), which are available from the website of the European Commission.
OECD – Pensions at a Glance
As a member of the Organisation for Economic Co-operation and Development (OECD), Austria is also included in the field of pensions in the OECD’s analyses. Policy recommendations are also issued on the basis of these analyses. The goal of the OECD is to promote policies which improve people’s lives worldwide in an economic and social sense. In the field of pension provision, the OECD has published the following reports: OECD - Pensions at a Glance 2019 und OECD - Pension Outlook 2018.
The International Social Security Association (ISSA)
The International Social Security Association (ISSA) is the world’s leading international organisation for institutions, government agencies and authorities which deal with social security. It was founded in 1927 under the auspices of the International Labour Organisation (ILO).
The ISSA supports its members in the administration of social security schemes via occupational guidelines, expert knowledge and services.