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.

Through Thomas Schnee. Published on 21 September 2023 à 16h58 - Update on 21 September 2023 à 16h58

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.…

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