Feasible at all?

What pension savings plans mean for the individual

If the blue-black coalition has its way, Austrians should actually work longer and retire later.

(Bild: © Halfpoint - stock.adobe.com)

The potential new government under the blue-black coalition wants to make savings in the pension sector - a total of 150 million euros. This sets alarm bells ringing for many. We asked what this would mean for individuals - and whether it would even be feasible.

Basically, the plans of a possible blue-black coalition look like this: They don't want to intervene directly in pension accounts, as was first reported, but rather align the actual retirement age with the statutory retirement age. In other words: keeping people in work for longer. Representatives and institutions are viewing this with caution. Their tenor: this will require changes in the world of work.