{"id":47437,"date":"2023-11-09T10:46:48","date_gmt":"2023-11-09T09:46:48","guid":{"rendered":"https:\/\/www.fma.gv.at\/fma-bericht-zur-lage-der-oesterreichischen-pensionskassen-2023\/"},"modified":"2023-11-20T17:18:37","modified_gmt":"2023-11-20T16:18:37","slug":"fma-report-on-the-state-of-austrian-pensionskassen-2023","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/","title":{"rendered":"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">Just over one million of the non-self employed working population (exactly 1,053,021 as of 30 June 2023) are enrolled in the Austrian Pensionskassen (pension companies) system. As of that date, Austria&rsquo;s eight Pensionskassen (PKs) managed assets of &euro; 25.4 billion for them. Approximately 13% of them already receive an additional pension from this form of occupational retirement provision, with the remaining 87% still currently in the accumulation phase. As a result, roughly one quarter (23%) of all employed persons in Austria already have an entitlement to such a pension. Since Pensionskassen have a long-term investment horizon and continue to have a low, and above all predictable liquidity requirement, they are able to pursue a higher risk-and-return profile, with a volatile investment performance as a consequence. The investment risk in the past ten years has fluctuated between +11.6% (2019) and -9.7% (2022); it stood at +3.28% during H1 2023. These figures emerged from the FMA&rsquo;s report &ldquo;The State of the Pensionskassen 2023&rdquo; which published today.<\/p><h2 class=\"wp-block-heading\"><strong>Volatile investment strategy<\/strong><\/h2><p class=\"wp-block-paragraph\">While on average 46% of the funds under management in the European Economic Area in occupational retirement provision are invested in funds, at Austrian Pensionskassen the figure is more than 96%, and this predominantly in Austrian funds. As at the end of the first half of the year, 36% were held in shares, 37% in bonds, and 11% in real estate. The rest were in held in assets like private equity, derivatives, loans and credits, or cash at banks. In 2012, the proportion of bonds was 58%, while those in shares was only 24%. In contrast to European pension funds and insurance undertakings, Austria&rsquo;s Pensionskassen do not however have a preference for national issuers, neither in relation to shares (less than 2% of total assets), nor in relation to government bonds (less than 4%) or corporate bonds (less than 5%). In the case of shares, US stocks denominate with a share of approx. 37%, while European issuances have a share of 50% of government bonds, while 23% of corporate bonds are from US issuers.<\/p><p class=\"wp-block-paragraph\">In 81% (measured in terms of premium reserve) of Pensionskassen commitments, the minimum yield guarantee stipulated under law is waived by means of &ldquo;opting out&rdquo;. Their legal construction also does not ensure a capital guarantee, but instead merely ensures increased performance for a year. Since 2015, their annual target has been negative reaching up to -0.7% due to the low interest environment.<\/p><h2 class=\"wp-block-heading\"><strong>The number of defined benefit Pensionskassen commitments continues to fall<\/strong><\/h2><p class=\"wp-block-paragraph\">Around one-fifth (18%) of the Pensionskasse contracts concluded by employees grant defined benefit commitments. This means that the employer has determined in advance, what pension amount (either as a fixed amount in Euro or as a percentage of final salary) is to be paid out and is obliged to make the corresponding payments. In contrast, 82% of the assets under management (or in isolated cases in hybrid solutions) are for defined contribution commitments, for which the employer only commits to a fixed payment amount (as a rule a certain percentage of the current salary, with the actual pension amount then depending on the investment performance that is achieved. While 18% of premium reserves in the PK system are for performance-related commitments, such a commitment exists for only 2% of beneficiaries (entitled and recipients). The proportion of performance-related commitments has been falling strongly for a number of years.<\/p><h2 class=\"wp-block-heading\"><strong>Climate Stress Test<\/strong><\/h2><p class=\"wp-block-paragraph\">Pensionskassen also have a material role as large institutional investors in the battle against climate change. Currently the proportion of assets in their portfolio that are a threat to the climate still stands at 28%, usually from the fossil fuels and real estate sectors. In a top-down climate stress test simulating an abrupt and strong rise in CO<sub>2<\/sub> prices, the FMA calculated that this factor alone would reduce the value of the portfolio as a whole by around 7.5%. Pensionskassen therefore face large challenges in this way.<\/p><h2 class=\"wp-block-heading\"><strong>Pension gap for woman also exists in company old-age provision<\/strong><\/h2><p class=\"wp-block-paragraph\">While 46% of beneficiaries (entitled and recipients) are women, they only represent 27% of assets under management. The average premium reserve for men, of &euro; 31,467, is more than twice as high as for women (&euro; 13,627). This reflects the income gap between men and women, as well as the latter&rsquo;s greater proportion in part-time employment and on leaves of absence.<\/p><p class=\"wp-block-paragraph\">The full report can be found on the FMA website (in German only) at <a href=\"https:\/\/www.fma.gv.at\/pensionskassen\/offenlegung\/lage-der-oesterreichischen-pensionskassen\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.fma.gv.at\/pensionskassen\/offenlegung\/lage-der-oesterreichischen-pensionskassen\/<\/a><\/p><h2 class=\"wp-block-heading\">Journalists may address further enquiries to:<\/h2><p class=\"wp-block-paragraph\">Klaus Grubelnik<br>+43 (0)1 249 59 &ndash; 6006<br>+43 (0)676 &ndash; 88 249 516<br>klaus.grubelnik@fma.gv.at<\/p>\n","protected":false},"excerpt":{"rendered":"<p>System is stable but investment performance volatile and big challenges exist<\/p>\n","protected":false},"author":60,"featured_media":41584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-47437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"System is stable but investment performance volatile and big challenges exist\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T09:46:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T16:18:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2022\/12\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alexander Plank-Bachselten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Plank-Bachselten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/\"},\"author\":{\"name\":\"Alexander Plank-Bachselten\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/c31b8cb77885775e776264ed40e1be4c\"},\"headline\":\"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist\",\"datePublished\":\"2023-11-09T09:46:48+00:00\",\"dateModified\":\"2023-11-20T16:18:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/\"},\"wordCount\":747,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png\",\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/\",\"name\":\"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png\",\"datePublished\":\"2023-11-09T09:46:48+00:00\",\"dateModified\":\"2023-11-20T16:18:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png\",\"width\":1320,\"height\":440,\"caption\":\"Grafik dekorativ\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-report-on-the-state-of-austrian-pensionskassen-2023\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"name\":\"FMA \u00d6sterreich\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\",\"name\":\"FMA - Finanzmarktaufsicht\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"width\":400,\"height\":400,\"caption\":\"FMA - Finanzmarktaufsicht\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/FMA_AT\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/c31b8cb77885775e776264ed40e1be4c\",\"name\":\"Alexander Plank-Bachselten\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g\",\"caption\":\"Alexander Plank-Bachselten\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist - FMA \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/","og_locale":"en_US","og_type":"article","og_title":"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist - FMA \u00d6sterreich","og_description":"System is stable but investment performance volatile and big challenges exist","og_url":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/","og_site_name":"FMA \u00d6sterreich","article_published_time":"2023-11-09T09:46:48+00:00","article_modified_time":"2023-11-20T16:18:37+00:00","og_image":[{"width":1320,"height":440,"url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2022\/12\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png","type":"image\/png"}],"author":"Alexander Plank-Bachselten","twitter_card":"summary_large_image","twitter_creator":"@FMA_AT","twitter_site":"@FMA_AT","twitter_misc":{"Written by":"Alexander Plank-Bachselten","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#article","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/"},"author":{"name":"Alexander Plank-Bachselten","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/c31b8cb77885775e776264ed40e1be4c"},"headline":"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist","datePublished":"2023-11-09T09:46:48+00:00","dateModified":"2023-11-20T16:18:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/"},"wordCount":747,"publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2022\/12\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png","articleSection":["Press Release"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/","url":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/","name":"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist - FMA \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2022\/12\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png","datePublished":"2023-11-09T09:46:48+00:00","dateModified":"2023-11-20T16:18:37+00:00","breadcrumb":{"@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#primaryimage","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2022\/12\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2022\/12\/Kopie-von-Strategie-Startseite-1320-\u00d7-440-px-1.png","width":1320,"height":440,"caption":"Grafik dekorativ"},{"@type":"BreadcrumbList","@id":"https:\/\/www.fma.gv.at\/en\/fma-report-on-the-state-of-austrian-pensionskassen-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fma.gv.at\/en\/"},{"@type":"ListItem","position":2,"name":"FMA Report on the State of Austrian Pensionskassen 2023: System is stable but investment performance volatile and big challenges exist"}]},{"@type":"WebSite","@id":"https:\/\/www.fma.gv.at\/en\/#website","url":"https:\/\/www.fma.gv.at\/en\/","name":"FMA \u00d6sterreich","description":"","publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fma.gv.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fma.gv.at\/en\/#organization","name":"FMA - Finanzmarktaufsicht","url":"https:\/\/www.fma.gv.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","width":400,"height":400,"caption":"FMA - Finanzmarktaufsicht"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FMA_AT"]},{"@type":"Person","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/c31b8cb77885775e776264ed40e1be4c","name":"Alexander Plank-Bachselten","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g","caption":"Alexander Plank-Bachselten"}}]}},"toolset-meta":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-01 15:09:41","action":"delete","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/47437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/comments?post=47437"}],"version-history":[{"count":3,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/47437\/revisions"}],"predecessor-version":[{"id":47442,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/47437\/revisions\/47442"}],"wp:attachment":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media?parent=47437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/categories?post=47437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/tags?post=47437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}