With the inflation figures of 3.6 percent available since Wednesday, the basis for the upcoming pension adjustment is now also available. The anticipated statutory adjustment value is derived from the average inflation values (mean) of the months from August 2024 to July 2025. Accordingly, the adjustment factor is expected to be 2.66 percent. Of course, politics can also decide on higher or lower allocations.

What is the government doing regarding pensions?

The government has not yet officially commented on how it intends to handle the pension increase this year. The economic and budgetary situation requires "prudent and responsible action in pension adjustments," it was said from the Federal Chancellery at the beginning of August. The Ministry of Social Affairs also emphasized at the time that they are "working on a social, fair, and comprehensible solution for the benefit of the older generation and society as a whole."

Retreat likely to include pensions as a topic

Foreign Minister Beate Meinl-Reisinger (NEOS) referred in the ORF "Summer Talk" last Monday to the upcoming government retreat on September 2 and 3 at the Chancellery in Vienna. In addition to other topics, the ÖVP-SPÖ-NEOS coalition will also address the issue of pensions there.

This year, pensions were increased by the statutory adjustment factor of 4.6 percent - capped up to the ASVG maximum contribution basis of 6,060 euros per month. In principle, family and social benefits should also increase by the same value as pensions, but the valorization for income-independent benefits - such as family allowance and childcare allowance - was suspended for two years.

The adjustment factor had already been fundamentally established at the beginning of August after the quick estimate by Statistics Austria, and with the definitive inflation figures for this period now available, the hard data is now in place.

(APA/Red)

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