01782cas a2200253 a 4500 AALejournalIMF000292 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842654 1018-5941 BD-DhAAL BD-DhAAL Thimann, Christian. From Generosity to Sustainability : The Austrian Pension System and Options for its Reform / Christian Thimann, Manfred Koch. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Austria has probably the world's highest pension expenditures relative to its economic size, largely because of the generosity of its pension system. This paper examines the institutional setup of the Austrian pension system and projects its future development based on current policies. The projection results show a swift financial worsening. With the already high level of contribution rates, pension expenditures, and budget transfers, the results underscore the need for reform. Much of this reform can, however, be achieved by maintaining the structure of the system and adjusting some of its key parameters. The paper outlines options for such a reform. Mode of access: Internet Koch, Manfred. IMF Working Papers; Working Paper ; No. 1997/010 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/010/001.1997.issue-010-en.xml IMF e-Library