Firm Pension Schemes in Austria

Compared to Europe in general, firm pension schemes are a relatively rare phenomenon in Austria. Whereas on a European average, every second worker is included in a form of firm pension scheme, in Austria only one in six dependently employed workers can lay claims on a company pension. The WIFO study of schemes offered by participants of the regular WIFO business and investment surveys found that those companies that offer a pension scheme emphasise chiefly three motifs: improving the commitment of highly qualified employees, offering an incentive for better performance and meeting the desire of employees for a supplementary pension.