Old-age provision

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Old-age provision in Austria essentially consists of three pillars. While state old-age provision and the “Abfertigung neu” severance scheme are compulsory under law, in the case of private old-age provision and in the case of Pensionskassen (pension funds) you voluntarily pay in money for pension purposes.

 

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  • The Federal Ministry of Labour, Social Affairs, Health and Consumer Protection is responsible for state old-age provision.
  • In the case of voluntary private old-age provision you pay in yourself into savings and insurance products Further information can be found in the menu item Investments.
  • The FMA supervises a large number of providers of company old-age provision. You can get an overview about company old-age provision in Austria here: