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06: The Pension System as a Ponzi Scheme?

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Hauptschule
Breakout
german language

Supported by the Federation of Austrian Industries
A growing imbalance between working life and retirement, an early actual retirement age and ever higher state subsidies for pensions – is the Austrian pension system being stretched to its limits? What are the incentives (not) to retire early? Is our pension system a Ponzi scheme in which everybody has the aim of getting the most out of it? Which contributions do the real economy and finance make to old-age provisions? How can people be encouraged to assume their personal responsibility? Are reforms in Austria lagging behind? These questions will be discussed by:

Speakers

Chief Risk Officer, Erste Group Bank AG, Vienna
President, Austrian Sports Organisation; Former Austrian Federal Minister for Labour, Social Affairs and Consumer Protection, Vienna
Investment Banker and Author, Vienna
Head of Social Policy, Directorate of Employment, Labour and Social Affairs, OECD - Organisation for Economic Co-operation and Development, Paris
Managing Director, Rupert Fertinger GmbH, Wolkersdorf
Careers and Business Editor, Kurier, Vienna Chair

Willibald CERNKO

Chief Risk Officer, Erste Group Bank AG, Vienna

1983-1985 Account Executive, Raiffeisenbank, Obdach-Weißenkirchen
1985-1996 Corporate Banking Division, Creditanstalt AG, Vienna
1996-1998 Deputy Head, Corporate Banking Division, Creditanstalt AG, Vienna
1998-2000 Head, Corporate Banking Division, Creditanstalt AG, Vienna
2002-2003 Head, CEE Division, Bank Austria Creditanstalt AG, Vienna
2003-2007 Member, Management Board, Bank Austria Creditanstalt AG, Vienna
2006-2009 Member, Management Board, HVB AG, Munich
2008-2009 Head, Retail Germany and Austria Division with the Group Title of Executive Vice President, UniCredit, Vienna
since 2009 Country Chairman Austria and Member of the Management Committee with Title of Senior Executive Vice President, UniCredit S.p.A., Milan
since 2009 Chairman, Management Board, UniCredit Bank Austria AG, Vienna

Rudolf HUNDSTORFER

President, Austrian Sports Organisation; Former Austrian Federal Minister for Labour, Social Affairs and Consumer Protection, Vienna

1975-1983 Union of Municipal Employees (Gewerkschaft der Gemeindebediensteten - GdG), responsible for youth affairs
1983-1998 Secretary General, Expert on organisational questions, Union of Municipal Employees (GdG)
1990-2007 Member of Vienna's Provincial Diet and City Council
1995-2007 First Chairman of Vienna's City Council
1998-2001 Chairman of the "Landesgruppe Wien" (Vienna's faction at the GdG)
2001-2007 (Executive) Chairman of the Union of Municipal Employees (GdG)
2003-2006 Chairman of the Social Democratic Trade Unionists (Fraktion Sozialdemokratischer GewerkschafterInnen - FSG)
2003-2006 Vice President of the Austrian Trade Union Federation (Österreichischer Gewerkschaftsbund - ÖGB)
2006-2008 (Executive) President of the ÖGB
2008-2009 Minister of Social Affairs and Consumer Protection of the Republic of Austria
2009-2016 Minister for Labour, Social Affairs and Consumer Protection of the Republic of Austria
since 2016 President, Austrian Sports Organisation (Österreichische Bundesport-Organisation - BSO)

M.Sc. Gerald B. HÖRHAN

Investment Banker and Author, Vienna

1995-1998 Assistent für Statistik, Harvard University, Cambridge
1998-1999 Analyst, Mergers and Acquisitions Department, JP Morgan, New York
1999-2000 Berater, Corporate Finance, McKinsey & Co, Frankfurt
2000-2003 Partner und Teilhaber, Qino Group, London/Zug/Wien
  Eigentümer und Geschäftsführer, Danube Advisory GmbH, Wien
  Teileigentümer und Vorstand, Pallas Capital Holding AG, Wien
  Aufsichtsrat und Stiftungsvorstand diverser Gesellschaften
  Miteigentümer, edition a, Wien
  Immobilieninvestor
  Lehrbeauftragter für Entrepreneurship, Wirtschaftsuniversität Wien
seit 2003 Selbstständiger Investmentbanker

PhD Monika QUEISSER

Head of Social Policy, Directorate of Employment, Labour and Social Affairs, OECD - Organisation for Economic Co-operation and Development, Paris

1985-1990 Free-lance producer/reporter, Bavarian Federal Broadcasting, Munich
1990-1993 Research associate, Department for Development Economics, ifo Institute for Economic Research, Munich
1993-1997 Young Professional and Financial Specialist, The World Bank, Washington DC
1997-1998 Administrator, Division "Global Interdependence", Development Centre, OECD - Organisation for Economic Co-operation and Development, Paris
1999-2007 Senior Social Policy Analysis, Social Policy Division, OECD, Paris
2007-2008 Senior Adviser, Cabinet of the OECD Secretary-General, OECD, Paris

Veit SCHMID-SCHMIDSFELDEN

Managing Director, Rupert Fertinger GmbH, Wolkersdorf

1974 Humanistisches Gymnasium St. Pölten, Matura
  Johannes Keppler Universität, Linz
1974 Studien an der Montanuniversität Leoben, Fachrichtung Hüttenwesen sowie Betriebswirtschaft an der
1976-1995 Übernahme von Aufgaben im Familienunternehmen M. Schmid & Söhne / Wilhelmsburger Eisenwerk; Produktionsprogramm: Eisenguss, Bauteile aus Gusseisen für Fahrzeugbau, Getriebeherstellung und Maschinenindustrie; ab 1979 leitende Funktionen
1988-1995 Vorstandsmitglied und 1992 - 1995 Präsident der 1031 Gruppe der Jungen Unternehmer und Führungskräfte der Vereinigung Österreichischer Industrieller
1991 Gründung von Tochtergesellschaften in der Slowakei; Produktion, Einkauf und Beratung
seit 1993 Ritter des Johanniterordens, Mitglied der Gemeindevertretung der Evangelischen Kirche AuHB
1994-1996 Präsident der YES (Young Entrepreneurs for Europe), die Vereinigung der nationalen europäischen Konfederationen Junger Unternehmer
1994-2000 Übernahme von Geschäftsanteilen und Geschäftsführung des Eisenwerkes der WEBA, Chemnitz, BRD. Ausbau des Standortes und Konzentration der Gussproduktion
1995 Mitglied der "Round Tables for Bankers and Entrepreneurs" der DG 23 der Europäischen Kommission
2000-2002 Nach Verkauf der Beteiligung Übernahme von Beratungsaufträgen für Produktionsunternehmen in Österreich und in der Slowakei sowie M&A Projekte
2002 Kauf der Fertinger Unternehmensgruppe, Schwerpunkt Metallindustrie, 3 Fabriken in Niederösterreich, Lieferprogramm Automotive Komponenten, Ventiltechnik, Sanitärindustrie
seit 2002 Geschäftsführender Gesellschafter der Fertinger Gruppe

Mag. Sandra BAIERL

Careers and Business Editor, Kurier, Vienna

1996-2000 Studium der Politikwissenschaft, Publizistik und Kommunikationswissenschaft, Anglistik und Amerikanistik, Universität Wien
1999-2000 Studienjahr, University of Ulster, Coleraine
2000 Austria Presse Agentur, Wien
2000-2001 PR-Agentur (Kunden: Nokia, La Roche Posay, Emporia Telecom), Wien
2001 Journalistische Ausbildung in der NEWS-Lehrredaktion, Wien
2001-2003 Journalistin, Magazin Woman, Ressorts: Aktuell, Karriere, verantwortlich für die Homepage, NEWS Verlags GmbH, Wien
2003-2006 Journalistin und Chefin vom Dienst, Magazin Gesundheit, verantwortlich für Homepage, Newsletter, Wien
2005-2008 Chefredakteurin, Kundenmagazin Nivea (Auflage: 100.000), Wien
2006 Feature-Stories, Fokus: Frauen- und Karriere-Themen, Wirtschaftsblatt, Wien
seit 2006 Ressortleiterin Karrieren, KURIER, Wien
seit 2009 Ressortleiterin Business, KURIER, Wien

Economic Symposium

show timetable

27.08.2013

14:00 - 14:20OpeningPlenary
14:20 - 15:30Finance and the Real Economy: Together or Apart?Plenary
15:30 - 15:50Political CornerPlenary
16:50 - 18:30Making Finance Meet the Real Economy's RequirementsPlenary
20:30 - 21:30Miha Pogacnik: What Businesses can Learn from MusicPlenary
21:30 - 22:30Smart Blue Hour hosted by IBMSocial

28.08.2013

08:00 - 08:45Sustainable Entrepreneurship - Book Presentation on the Business Model of the FuturePartner
08:00 - 08:45management club Business Breakfast "Integrationsfall Europa"Partner
09:00 - 10:10The Future of Corporate FundingPlenary
10:10 - 10:30Political CornerPlenary
11:00 - 13:30Working Group 01: The Real Economy and Finance in the "Network of Responsibility"Breakout
11:00 - 13:30Working Group 02: Business, Society and Politics: Assigning Responsibility for ResultsBreakout
11:00 - 13:30Working Group 03: What Happens to Our Values if Computers Learn how to Think?Breakout
11:00 - 13:30Working Group 04: Touch the Future - Security and Identity in a Digital WorldBreakout
11:00 - 13:30Working Group 05: Living with Risk and SpeculationBreakout
11:00 - 13:30Working Group 06: The Pension System as a Ponzi Scheme?Breakout
11:00 - 13:30Working Group 07: Workforce Diversity: Living with and Managing Demographic ChangeBreakout
11:00 - 13:30Working Group 08: Implementing the New World of Work, a Progress ReportBreakout
11:00 - 13:30Working Group 09: Design Thinking as a Tool for InnovationBreakout
11:00 - 13:30Working Group 10: New Energies for Europe - Between Cooperation and CompetitionBreakout
13:30 - 14:30Lunch ReceptionSocial
14:30 - 17:00Working Group 11: Connected Learning, Connected SchoolsBreakout
14:30 - 17:00Working Group 12: Financial Literacy, Decision-Making in Complex SituationsBreakout
14:30 - 17:00Working Group 13: Our Life After the Digital RevolutionBreakout
14:30 - 17:00Working Group 14: Prosperity for All? Austria's Top Managers in Dialogue with Ludwig ErhardBreakout
14:30 - 17:00Working Group 15: Rethinking Capitalism: The Future of Our Economic ModelBreakout
14:30 - 17:00Working Group 16: Alternative Sustainable Economic ConceptsBreakout
14:30 - 17:00Working Group 17: From Goodwill to Financial Company ValueBreakout
14:30 - 17:00Working Group 18: Back to the Real Economy - Towards a New Industrial Policy for EuropeBreakout
14:30 - 17:00Working Group 19: Industrial Production in the City of the FutureBreakout
14:30 - 17:00Working Group 20: Rating Agencies Between Governments and BusinessesBreakout
18:00 - 19:30Peter Drucker Special Lecture: Leadership and Values in a Complex WorldPlenary
21:30 - 23:30get2gether hosted by T-MobileSocial

29.08.2013

08:30 - 09:00"Kater" BreakfastPartner
09:15 - 10:15The New Role of Central Banks in Crisis-ManagementPlenary
10:45 - 12:20New Growth in Europe?Plenary
12:20 - 12:30ClosingPlenary
16:45 - 20:00Generali 3 Banken Business Dialogue "Experiences and Values"Partner