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About: Pensions in Austria     Goto   Sponge   NotDistinct   Permalink

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The pensions system in Austria is composed of three parts: occupational pensions, private pensions, and state pensions. However, private and occupational pensions are secondary to the public pension issued through the state. According to the Organization for Economic Co-Operation and Development (OECD), Austria's pension system is categorized as targeted. This means that their system is set up to preferentially benefit poorer pensioners than those that are better off.