AK launches Parliamentary citizens initiative for constitutional legal protection of the statutory pension system

Linz (OTS) – again and again, leading politicians claim that it is not possible to be able to the pension system, „in the long term on a purely state Board“ and want to replace it partially by private pension insurance companies. The statutory pension system in Austria is not in crisis, but also in the long term, as current calculations by the EU documents Commission. „The trust in the System is deliberately undermined in order to serve the interests of private insurance corporations. Therefore, the AK will start a Parliamentary citizen’s initiative, the solidarity-based statutory pension system is secure in accordance with the allocation procedure in the Constitution,“ announces AK-President Dr. Johann Kalliauer.

The Initiative is addressed mainly to young people. Because those who talk the System is sick, just tried to convince the boys that they have to expect in the future livelihood, Pension and more, to urge them to conclude a private pension insurance. „This is wrong, because the statutory pensions are also secured for the long term. But only if the people trust it. This confidence, especially the youth, in the statutory pension system, we want to strengthen our citizens ‚ initiative“, said the AK President.

According to forecasts of the EU Commission, „Ageing Report 2018“ in Austria, the state expenditure for all legal and pensions in relation to total economic output (GDP) – without any Changes in the System up to the year 2070 only minimally by 0.5 percentage points to 14.3 percent of GDP: The pension system is so safe in the long term, and its financing is not in jeopardy.

Contributions for private pensions, in accordance with the capital cover method, in contrast, are assessed on the financial markets and are in a high degree of speculation with risks and crises. They are therefore unlike the statutory pensions are uncertain. If the plants develop poorly, it is automatically pension cuts. 2019 threaten the recipients of company pensions, therefore, is a repeat of juicy reference cuts, by up to 16 percent!

While the statutory pension insurance spends only two percent of their Budgets for administrative, consume private insurance, almost a third of that! In the Private sector, are assessed at the beginning of the term, only seven out of ten Euro!

„Occupational and private pensions must remain, therefore, entirely optional courses, and may not be used to diminish the statutory Pension,“ says Kalliauer.

In the next few weeks and months, the AK will promote upper Austria, therefore, supporters of a Parliamentary citizens initiative with the following concerns:

I call on the Austrian national Council, to strengthen the confidence of all generations, especially young people, to the statutory Pension, by securing the following principles of the Austrian pension system the Constitution:

The statutory pension system in Austria is based on a solidary obligation insurance after the levy procedure in which the pension insurance contributions are paid by the currently employed directly to the pension recipients. The working generations can expect of future generations, reliably the Same.

The statutory pension system is guaranteed to all workers and pensions that ensure the standard of living and poverty in old age protect. The Republic is obliged to guarantee this standard of living, the pensions continue through state grants.

„We will first collect intensively signatures as part of the Parliamentary citizen’s initiative, and then this year in the national Council. You can on the website of the national Council supported. We are convinced that a clear majority of the population stands behind this concern, and, therefore, expect a broad consensus in the national Council,“ said the AK President.

chamber of labour upper Austria, communication
Dr. Walter storm
+43 (0)50/6906-2192
walter.sturm@akooe.at
ooe.the chamber of labour.at