This is when the pension will arrive without a pension increase in November

This year, the 11th month pension will be transferred on Tuesday, November 12, according to the official pension payment dates.

Those who receive their pension by post can expect their pension to arrive on the day indicated in the delivery calendar issued by Magyar Posta this year as well. The calendars were issued by the post office last November. Based on this, you will have to wait several days for the payment of the post after 12 November.

Now can be expressedthat no mid-year pension increase is expected in November, and no pension premium at all it will be this year.

According to the main rule of pension adjustment calculation, the government must prepare an estimate based on the actual data of the first eight months of the expected annual average inflation and inflation of pensioners. In other words, with the August inflation data, this estimate is now available – warning a vg.hu.

All this is very important for millions of pensioners, because if January-August inflation or pensioner inflation is higher than the pension increase granted at the beginning of the year, a pension adjustment will be payable. in November. As is known, the government increased pensions by 6 percent in January. Now the only question is how much inflation there was in 2024 until August. To calculate this, the arithmetic mean of the monthly data must be taken:

• the eight-month average of pensioner inflation is 3.75,
• and the eight-month average of headline inflation was also 3.75 percent.

In other words, since the inflation is significantly lower than the pension increase at the beginning of the year, it was decided that the government will not have to pay a pension change in 2024.

Mihaly Varga finance minister in September he said: the pension increase will take place in January 2025, and that rate could be around 3.2 percent, depending on the expected annual inflation.

The situation is similar to the pension price, because although the budget counted on an economic growth of 4 percent, not even half of it came together. The condition of the pension price is that the GDP shows an increase of at least 3.5 percent.