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Negotiations between the ÖVP and the Greens have been going on for around a year, and the latter have so far been skeptical. Now there will be incentives for pensioners who want to continue working. A compromise was negotiated.
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Pension insurance contributions are waived up to twice the marginal income limit, i.e. 1,050 euros. This initially applies to 2024. Anyone who works beyond retirement age currently receives an annual bonus of 4.2 percent for their future pension. That will be increased to 5.1 percent.
This was presented by VP club chairman August Wöginger and senior citizens’ association chairman Ingrid Korosec on Tuesday in Vienna. Everything was coordinated with the Greens, said Wöginger.
“Should support desire to work longer”
Economics Minister Martin Kocher (VP) said in the OÖN interview in Linz: “The mindset has changed. I think we all recognize that there is a lot of demand here. If there is a desire to work longer voluntarily, we should support that. Unlike before, many companies also want people to work longer.”
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