Categories of Insured
As an employee
your pension insurance is mandatory. Your employer deducts every
month from your salary your mandatory contributions to the pension
insurance and forwards that amount of money to the insurance carrier.
The insurance carrier registers the month for which the money has
been paid and the amount of your salary by which the amounts of
your contributions are determined. The same applies to workers
who are in an apprenticeship or any other form of professional
training.
Under certain conditions
you may continue your monthly contributions on a voluntary basis
and/or at a reduced rate, although it is not mandatory to continue
with your contributions.
Male and females
who have raised their own children (in Austria or conditionally
in Switzerland or any country, which is a member of the European
Union) will receive credits on their accounts with the insurance
carrier in the form of monthly contributions.
All paid and credited
monthly contributions on your insurance carrier's account will
be added up and will determine the time-period you have been insured.
Together with the amount of your contributions it will determine
the amount of your pension pay-outs.
Therefore
it is of absolute importance that ALL monthly contributions are
registered by the insurance carrier and credited to your account.
We will
help you with making sure that your account is properly credited
by investigating and providing proof to the insurance carrier
in cases of missing data.
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