Recruitment booklet full - Flipbook - Page 21
Old age
insurance.
The salaried employeesÕ pension
insurance is administered
by the Federal Insurance
Institute for Salaried Employees
(Pensionsversicherungsanstalt fuer
Angestellte = PVA in Vienna).
Every employee pays old age
insurance which is deducted from
their monthly salary. The employer has
to pay the same amount. Statutory
contributions are taken from the gross
salary.
Generally, after 15 years of
contribution to the scheme and after
reaching the Austrian retirement age
(currently 60 for women and 65 for
men) the entitlement can be claimed
when still resident in Austria.
Within the EU the Austrian state
pension entitlement can easily be
transferred to other national systems.
This also works for some nonEU countries, specific details are
available at VIS. In addition, the
school pays 5% of gross earnings into a
top up pension fund.
SOCIAL SECURITY
Under the Austrian Social Security
Law (Sozialversicherungsgesetz), the
teacher is obligated to contribute
to the Austrian Social Security and
Pension schemes.
The employeeÕs contributions covering
the cost of care insurance, old age
pension insurance and unemployment
insurance amounts to approximately
18.12% of the gross salary.
The School is responsible for rendering
these payments and the employeeÕs
share will be deducted from his/her
due gross monthly salary.
