Austria Credit Score Online

Pension funds of companies have proven to be more high-yield than provision funds for employees in Austria.

Already 500.000 Austrians have acquired the right of a company pension. The assessment value capacity amounts 13 billions EUR.

This is much more as the volume of the provision funds for employees. Provision funds for employees have an assessment value capacity of 1,26 billion EUR.

Pension funds in Austria exists since 16 years. Provision funds for employees just since 2003. Ever since then, employers pay 1,53% of the gross wages into the provision funds for employees. This should take off the old system of severance indemnity.

Pension funds have also better values of performance. The assessment value of the pension funds in 2006 is much better than the one of the provision funds for employees. In contradistinction to pension funds, provision funds for employees offer a premature outpayment possibility after 3 years. Because of that pension funds are able to rate for longer periods.