In 2000, Austria introduced a publicly funded system of part-time retirement (Altersteilzeit) with which employees could choose between two options: progressive retirement and ‘blocked progressive retirement’. Regular progressive retirement can commence from up to 5 years prior to the statutory retirement age (65 for men, 60 for women), and can therefore be spread over a maximum of 5 years. During the chosen period, employees can reduce their working hours by between 40% and 60% and in...
Austria: the ‘Blocked’ progressive retirement model set to be abolished by 2029
On 13 September 2023, Austria’s ruling coalition (conservative ÖVP and Ecologist parties) voted on September abolish the ‘blocked progressive retirement’ model by 2029. Opponents, notably the trade unions, see this as a further tightening of an employment policy aimed at keeping older workers in employment for as long as possible before the statutory retirement age.
Do you have information to share with us?
What you absolutely must read this week
The essential content of the week selected by the editorial team.
Most viewed articles of the month on mind HR
What readers clicked on the most last month.
What readers clicked on the most last month.