VIS Recruitment Brochure - Flipbook - Page 21
OldInsurance
Age
The salaried employees’ 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 non-EU 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 employee’s contributions covering the cost
of care insurance, old age pension insurance
and unemployment insurance amounts to
approximately 18.12% of the gross salary
(November 2018).
The School is responsible for rendering these
payments and the employee’s share will be
deducted from his/her due gross monthly salary.
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