Occupational Pensions as a Complement to Public Pensions

In Austria occupational pensions serve as a voluntary complement to public pension payments. This is why at 2.4 percent (2006) Austria's share of occupational pensions in total pension income is below the international reference value. With pension funds, group life insurance and direct pension commitments there are three types of occupational pensions, which are only incompletely captured by regular surveys. For this reason WIFO occasionally carries out independent surveys on the extent of occupational pensions in the private business sector.