In the latest episode of the Paragra§us Podcast, we speak with Dr. Otília Torda about the fundamentals of the Austrian social security system. The expert clearly explains how the Austrian social security system is structured and what the differences are compared to the Hungarian model.
The discussion explains, among other things, the insurance system structured by occupational groups – such as the different insurance providers for employees, self-employed individuals, and public servants – as well as the co-insurance of family members and its prerequisites.
Special attention is given to the so-called minor employment threshold (Geringfügigkeitsgrenze), which is the income limit below which employees are generally only covered by accident insurance and can only acquire comprehensive insurance coverage through their own contributions. Furthermore, the podcast also addresses how social security is structured for self-employed individuals and what impact multiple parallel activities can have on future pension entitlements.
A key message of the episode is that in Austria, social security coverage begins immediately with the start of employment.
Contact Dr. Otília Torda: office@equilibriumconsulting.eu
