# Austrian pension system reform discussions > Live situation record from CLSTR: https://clstr.news/situations/austrian-pension-system-reform-discussions > Updated: 2026-10-21T07:22:10.000Z. Sources: 8. Developments: 2. The Austrian pension landscape has seen recent legislative action and academic proposals aimed at increasing retirement savings options and addressing demographic challenges. In September 2026, the Austrian National Council passed a reform set to expand occupational retirement options starting in 2028. This reform introduces the Vorsorge-Veranlagungsgemeinschaft (VVG), a new investment community for ‘Abfertigung NEU’ designed to offer higher long-term return potential through flexible investment principles without a capital guarantee. The reform also enables the voluntary transfer of assets into lifelong supplementary pensions and introduces tax improvements. Following this, the Austrian Institute of Economic Research (WIFO) proposed a more fundamental overhaul to address vulnerabilities caused by demographic shifts and economic fluctuations. WIFO suggested integrating a capital-accumulation model, potentially investing a portion of employee premiums into capital markets to build long-term reserves. Experts cited in a WIFO study suggested that a capital-based component could ideally comprise 50% to 70% of pension security, pointing to models like Sweden’s as a potential reference. ## Timeline ### 2026-10-21: WIFO proposes pension reform in Austria amid demographic shifts WIFO President Gabriel Felbermayr proposes transitioning Austria toward a capital-market-based pension model to ensure long-term sustainability against demographic shifts. 2 sources. https://clstr.news/cluster/wifo-proposes-pension-reform-in-austria-amid-demographic-shifts ### 2026-09-24: Austria pension reform to expand occupational retirement options from 2028 The VBV Group welcomes Austria's pension reform, which will introduce new investment options and easier access to supplementary pensions starting in 2028. 6 sources. https://clstr.news/cluster/austria-pension-reform-to-expand-occupational-retirement-options-from-2028 --- Cite as: Austrian pension system reform discussions. CLSTR, https://clstr.news/situations/austrian-pension-system-reform-discussions