Finance Minister Mihály Varga said pensioners will receive on average 80,000 forints (EUR 207) more in November as part of a retroactive pension top-up.
In a video posted on Facebook on Sunday, Minister Varga said the government is standing by its word even in today’s situation with war, sanctions, and a difficult economic environment: in January pensions were increased by 15%, and in November, an additional 3.5% pension top-up will be implemented retroactively. This means that in November, pensioners can promised to restore respect for the elderly and to preserve threceive 80,000 forints more on average, he said. Varga said that in January 2024 pensions will be raised by an additional 6% and this will be followed in February by the payment of an annual bonus, equivalent to a full month’s pension. “Wee value of pensions. We kept our promise: since 2010, we have doubled the number of pensions and increased their purchasing value by 20%,” Varga said. The government continues to stand by Hungary’s pensioners, “they can count on the government just as before”, the finance minister said.