Abstract: The subject of this paper is to outline and examine the hot issues in the Austrian Pension System (Although it is not very diverse from the other countries within the EU, the economic background is different. However, the way of dealing with them can prove to be useful for other countries, especially for those with a common history and similar systems). The attention is also drawn to the groups which have so-called pension privileges (which influence the country expenditures) and last, but not the least, the latest developments in this pension system. This contribution also gives suggestions which could be implemented into the new pension system, which is required by the experts to amend the current one.
Authors: Michael Alexa, Jindriska Sulistova
Keywords: pension, scheme, expenditure, developments