The government has not only fulfilled but significantly exceeded its pledge to preserve the real value of pensions, Minister heading the Prime Minister’s Office Gergely Gulyás said in a video...
The Fidesz-led government promised in 2010 to serve the interests of the elderly and protect their benefits.
State Secretary András Tállai said the government must pay special attention to pensioners, and the ministry is monitoring inflationary trends.
The Hungarian economy is on an upswing and back to its performance level before the coronavirus pandemic took hold.
Payments will be made to 2.5 million eligible recipients such as pensioners and others receiving pension-type benefits.
The government’s family protection scheme, which is being continued despite the economic fallout of the coronavirus pandemic, has helped over 220,000 families so far.
“This year, pensions will be increasing by 2.7 percent, the increased pensions will be arriving in bank accounts on 11 January and the post office will begin deliveries on 16 January; pensions will be increasing by an annual 42,000 forints in the case of an average pension,” Bence Rétvári said
Healthcare, law enforcement and public administration workers will receive pay rises, and the minimum wage will also be increased in 2019
The prime minister said "this has never happened before, and is a step forward” as he announced the measure will come into effect in November
Hungary is doing well, and the people must also have a share of the country’s achievements
Most Hungarians get their pension sent over to Germany followed by Austria, Canada, the US, Sweden, Slovakia and Australia
Fifteen percent of the people, mostly above 50, said they expected family members to take care of them in their old age