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Pension crisis is approaching: Germany's pensioner will meet so hard from 2026!
Austria plans pension cuts from 2026. Similar measures could also be discussed in Germany. Learn more.
Pension crisis is approaching: Germany's pensioner will meet so hard from 2026!
In Austria, the topic of pension seems to navigate in turbulent waters from 2026. The future pension policy is currently being discussed intensively because the government aims to push a budget deficit from 4.7 % in 2024 to less than 3 %. This could have massive effects on the welfare of the pensioners, especially for those with higher pensions. How out Pension notification24 the monthly pension for recipients under 2,500 euros is increased as usual, while all other pensions only receive a one -off payment. Pensioners with higher references must be prepared that their payments are frozen, which could not only mess up their financial planning, but will also lead to a loss of purchasing power.
The measures already required are rich in financial savings. By 2028, over 6.3 billion euros in Austria would have to be saved, which could result in direct cuts in the pension fund. In the context of these savings, the government also refers to the increasing health insurance contributions, which will be due for all pensioners from 2026. This development is not only a domestic problem, but also in Germany similar measures are discussed, such as the "Boomer Soli" and possible cuts in the mother's pension. Without corresponding reforms in Germany, the contribution rates could increase or the state grants could increase, like that Federal Center for Political Education describes.
A comparison of the pension systems
Another relevant aspect is that all deficits in statutory pension insurance are borne by the federal government in Austria. In contrast, pension adjustment in Austria, in contrast to Germany, depends primarily on price development, as in a report of Pension update is explained. In addition, age claims in Austria are only granted after 15 years of insurance, while this is the case in Germany after 5 years. Another major topic is the current reforms that are currently on the agenda in Austria: an increase in retirement age for women and the abolition of the off -the -down -free early retirement.
Demographic challenges
Demographic change is a hotly discussed topic in both countries. The aging society in Europe brings immense challenges, since fewer and fewer acquisition persons have to pay for the increasing number of pensions. A look at the forecasts shows that the elderly quotient in the EU could currently increase 34 % to 57 %. This makes it clear why reforms are inevitable for the financial and social sustainability of old -age insurance.
In times of crises, such as the global economic crisis 2008/09 or pandemic 2020, the state pensions were an important source of income for the older population. But with the current financial policy measures, the concern for the future of many pensioners in Austria and beyond. Experts demand that future pension adjustments should be linked to inflation and not to wage development in order to maintain the living standard of the older generation. Material protection of older people remains a central concern of the coming years.