# Austrian pension reform debates > Live situation record from CLSTR: https://clstr.news/situations/austrian-pension-reform-debates > Updated: 2026-08-17T19:52:33.000Z. Sources: 12. Developments: 2. Debates regarding the Austrian pension system have intensified following a proposal by the NEOS party to gradually increase the legal retirement age to 67. The suggested model involves increasing the age by two months each year starting in 2030, aiming to reach 67 by 2041 to address financial pressures from rising life expectancy. To build political consensus, a “pension summit” involving all parties has been proposed for the autumn. While intended for long-term sustainability, the plan has faced opposition from the FPÖ, which described potential agreements between the ÖVP and NEOS as an “unsocial pact” and claimed that existing funds are being mismanaged. In related policy discussions, NEOS leader Beate Meinl-Reisinger has also advocated for mandatory “pension splitting.” This mechanism would allow parents to transfer up to 50 percent of pension account credits to the parent primarily responsible for childcare during the first seven years of a child's life. ## Timeline ### 2026-08-17: NEOS leader proposes reform dividend for Austrian budget NEOS leader Beate Meinl-Reisinger proposed a ‘reform dividend’ to split budget surpluses between debt reduction and tax relief, alongside calls for mandatory pension splitting for parents. 10 sources. https://clstr.news/cluster/beate-meinl-reisinger-proposes-reform-dividend-for-budget-surpluses ### 2026-08-15: Austria pension reform: NEOS proposes gradual increase to age 67 The NEOS party has proposed a gradual increase of Austria's retirement age to 67 by 2041, starting in 2030, sparking political debate and calls for an all-party pension summit this autumn. 4 sources. https://clstr.news/cluster/austria-pension-reform-neos-proposes-gradual-increase-to-age-67 --- Cite as: Austrian pension reform debates. CLSTR, https://clstr.news/situations/austrian-pension-reform-debates