Partial retirement received the green light in the Social Committee on Wednesday. Starting next year, this will allow older employees to work part-time while simultaneously receiving a portion of their pension. Additionally, the bill restricts early retirement and establishes a "sustainability mechanism" to stabilize the pension system.

Greens for Partial Retirement

According to parliamentary correspondence, the government proposal was passed by the Social Committee - in separate votes - with different majorities. For instance, the introduction of partial retirement also received the approval of the Greens. For the sustainability mechanism and the new early retirement regulations, the governing parties ÖVP, SPÖ, and NEOS were alone. The FPÖ completely rejected the partial retirement law.

Early retirement was further tightened through an amendment. For access, after a gradual increase, 17 instead of 15 years of employment in the last 25 years will be required in the future. Additionally, the state wage compensation will be temporarily reduced from 90 to 80 percent from 2026 to 2028, although according to explanations, this only applies to new early retirement agreements. The latter is justified as a necessary contribution to budget consolidation, as reported by the parliamentary correspondence.

(APA/Red)

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