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DUOL – The purchasing power of pensions has increased

At the committee hearing, the head of the ministry pointed out: the government’s promises have been fulfilled, the real value of pensions has increased by 20 percent compared to 2010, pensions have increased by 6 percent since January, so there will be an increase in real value this year too.

When the government was formed in 2010, it promised stable purchasing power for pensions, which was added with the renewal of the 13th monthly pension. The promises were fulfilled

– he emphasized. He said: all this happened in such a way that the real value of the pensions decreased by 5 per cent between 2005 and 2010.

Minister of Finance Mihály Varga
Photo: Boglárka Bodnár / Source: MTI

In response to the delegates’ questions about raising the retirement age, he said: there is no plan, no such government document has been prepared.

He stressed:

there is no government plan that would eliminate “Women 40”, because it is successful, they will not change it.

He said about the Hungarian pension system: they started to clean it of the elements that did not belong there, so it became more sustainable in the long term, and in addition, there were more contributors there because more people were working.

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