Settlement of pensions from accident insurance

The funding enables a one-time capital settlement of disability pensions from statutory accident insurance in Vienna. Insured persons entitled to a disability pension, particularly in cases of reduced earning capacity (MdE), can, upon request, receive a lump sum payment instead of ongoing pension payments. The calculation of the settlement amount is based on actuarial principles and takes into account the individual degree of MdE. For an MdE up to 25%, the pension is fully settled; for higher degrees, the settlement amount may be paid in full or in part. A special regulation applies to agricultural business pensions: here, only half of the capital value is settled, while the remainder continues to be paid until retirement or cessation of the business.

The granting of the subsidy is at the discretion of the responsible accident insurance carrier and does not establish a legal entitlement. A prerequisite for the settlement is the current receipt of a pension; for an MdE exceeding 25%, the appropriate use of the settlement amount must also be demonstrated, and the social welfare agency must be consulted. Applications can be submitted at any time, as there is no deadline. The measure contributes to expanding the financial flexibility of insured persons and offers a flexible alternative to a permanent pension. The goal is to provide needs-based support to individuals whose earning capacity is permanently impaired due to a work accident or occupational disease.