Susanne Wolf
For people who from 1.1.1955 were born and acquired for the first time after the 31.12.2004 insurance periods The pension calculation is as follows: In the calculation, the sum of all contribution bases is formed and multiplied by 1,78 percent. The sum is the first partial credit. This is upgraded annually and added together with the partial credit from the following year. The sum of all partial credits forms the total credit. To calculate the gross pension, the total credit will be shared by 14.
For people who 1.1.1955 and at least one month of insurance to 31.12.2004 according to the old law, with the "pension account law" the pension calculation applies as follows: From 2014 these persons will receive an initial account credit. To create the initial account credit, the insurance months acquired up to the end of 2013 are combined and transferred to the pension account by December 31.12.2014, XNUMX at the latest. The initial account credit is the first partial credit for calculating the pension.
For people who born before the 31.12.1954 The pension calculation is as follows: In the old right, a comparison calculation is made: A pension according to the law that has been in force since 1.1.2004 is formed and compared with a second pension in accordance with the law that applied up to 31.12.2013. Since the legal position since 2004 is much less favorable than the legal situation 40 because of the long calculation (extension to 2003 years), a loss cover is provided: this amounts to 2014 7,5 per cent and will increase to 2024 to 10 per cent.
Online Pension Calculator of the Chamber of Labor for Pension Calculation
Read more here Future pension in Austria, the pension calculation and alternative ways of pension provision.
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