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Jan 03, 2017

Nearly 33,000 Hungarians living abroad receive pensions and benefits from Hungary

Most Hungarians get their pension sent over to Germany followed by Austria, Canada, the US, Sweden, Slovakia and Australia

Nearly 33,000 Hungarians living abroad receive pensions or other pension-type benefits sent from Hungary, it has been reported.

According to Magyar Idők, citing data from the Central Statistical Office (KSH), a majority of those receiving the funds live in Germany,

Around 85 percent, nearly 30,000 people, get their age pension sent abroad, some 2,500 get widow’s pension and parent’s pension benefits, and some 500 get orphan’s benefit. A third of those getting their pension sent abroad were born between 1945 and 1949 and only 122 get their benefits from early retirement.

The majority of people getting their pension sent abroad have only 15 years of registered employment history so their average monthly pension was below 45,000 HUF in January, which is slightly more than a third of the average Hungarian pension.

After Germany, most Hungarians get their pension sent over to Austria, followed by Canada, the US, Sweden, Slovakia and Australia, the newspaper said.