Sustainable Old-Age Provision
Ulrich Schuh – EcoAustria
Peter Grafeneder – Federal Ministry of Finance
Michaela Hickersberger – Ecosocial Forum Austria
The reduction of poverty in old age is one of the biggest sociopolitical successes in Austria. Even after the financial crises 2009 the share of over-65-year olds threatened of poverty or social exclusion decreased, the situation got worse for younger than 18-year olds. The federal grant for the pensions is increasing, the peak will be 2030/2035. From 2020 onwards till 2040 Austria is going to pay more as a percentage of GDP than any other EU-country for pensions.
The Ageing Report 2015 shows the prospective costs of the pension system. The transformation of the society (f.e. demographic changes) play a very important role. As the budgetary impact of the pension system does also influence other areas, they are of great importance.
We will discuss how a fair and sufficient pension system will also be financeable for succeeding generations and how to set the course, as well as how to legitimate this democratically.
Ecosocial Forum Austria
Federal Ministry of Finance
Short description of the guests:
Ulrich Schuh, scientific head EcoAustria – institute for economic research, research focus: sustainability of public finances, financial feasibility of the public pension system, labour market analysis, wage formation, inflation, member of the fiscal council, member of the pension committee.
Peter Grafeneder is working at the Austrian Federal Ministry of Finance, Department of Economic Poliy, where he inter alia is responsible for financial sustainability. He is Member of the AWG and participated in the drafting of the Ageing Report 2015.
Michaela Hickersberger studied political science, she is working at the Ecosocial Forum, research focus: social policy, editor in chief of the magazine denk.stoff