Pensions in overview

In insurance terms, we differentiate between personal pensions (the benefits an insured person is entitled to through their pension insurance) and surviving dependents’ pensions (the benefit that a deceased insured person’s dependents are entitled to).

Personal pensions in Austria

Retirement pension
Corridor pension
Schwerarbeitspension (stressful working conditions pension: from 1 January 2007)
Early entitlement to the retirement pension due to extensive insurance period - transitional provisions
Invalidity pension
- Incapacity pension (employees/salaried personnel)
- Invalidity pension (workers/waged personnel)
- Disability pension (self-employed persons and farmers)

Surviving dependents pensions

Widow’s/widower’s pension
Pension for dependents of insured persons
Orphan’s pension

An entitlement to payment of pension benefits arises when:

The insured event occurs.
Insured events can take the form of: Invalidity, incapacity, old age and death or
Compliance with the minimum eligibility period or
Compliance with other requirements as long as these are specified for receipt of pension benefits.