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🇦🇹 Austria /Economy & Trade

Austrian Seniors' Organizations Demand End to Care Regress on Assets

From Der Standard · () German

Translated from German and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified Context piece
  • Senior organizations from Austria's conservative (ÖVP) and social democratic (SPÖ) parties are protesting differences in how care costs are calculated.
  • They specifically object to using earnings from assets, such as interest and dividends, to fund long-term care.
  • Austria's Social Minister has pledged to address the issue, as regulations vary significantly by region.

Senior representatives from Austria's ÖVP and SPÖ parties are voicing strong opposition to current regulations regarding "Pflegeregress," the process of recouping long-term care costs.

These organizations highlight disparities in how these costs are applied across different Austrian federal states and even municipalities. A key point of contention is the practice of accessing not only pensions and care benefits but also profits generated from assets to cover care expenses.

Against the fact that not only pension income and care benefits, but also profits from assets are used for care financing, the SPÖ and ÖVP representatives are protesting.

— SPÖ and ÖVP-nahen SeniorenorganisationenReporting on the core complaint of the senior organizations.

Speaking to ORF, the senior representatives demanded that interest and dividends from assets should no longer be considered for care financing. This call reflects a desire to protect individuals' accumulated wealth from being depleted by ongoing care needs.

Social Minister Korinna Schumann (SPÖ) has indicated her intention to examine the issue, suggesting a potential for policy review. The varying regulations across regions underscore the complexity of the situation and the need for a more standardized approach.

that at least interest and dividends should no longer be used for care financing.

— SeniorenvertreterinnenDetailing the specific financial earnings they want excluded from care cost calculations.
About this summary

Originally published by Der Standard in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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