Pensioners will receive more money than expected in November, as it can be seen from the latest inflation data of the Central Statistical Office (KSH) that the rate of inflation in the first eight months of this year was 4.3 percent. Previously, experts had calculated 4.2.  

This latest figure was 0.7 percent more than the annual pension increase, according to the law, this is how the inflation-adjusted pension works. This means that the pensioners will receive the correction in one sum - as the difference does not reach one percent - calculated on an annual basis - taking into account the February quarter installment of the 13th monthly pension - so 12.25 times 0 Pension expert András Farkas explained to Világgazdaság

The previous numbers predicted only 7.35 percent, so there will really be more money for the house.

Considering the median pension of around HUF 130,000, this means that in November, in addition to the HUF 130,000 pension, pensioners will also receive an increase of HUF 11,150. In addition, the pension premium will also arrive at this time, which will be the highest of all time, and this can be announced now.

A few weeks ago, Prime Minister Viktor Orbán talked about a pension premium of 50-56 thousand forints, but the benefit adjusted to the level of economic growth can easily reach the legal maximum , i.e. 80 thousand forints in the case of pensioners whose monthly benefit reaches the limit of 80 thousand forints. Of course, those entitled to benefits of less than this amount are also entitled to the premium, adjusted to the amount of their own benefits.

Based on this, it can be calculated that around November 12, a median pensioner will be able to receive almost double his usual pension, up to HUF 220,000 instead of HUF 130,000.

According to KSH data, the average old-age pension in Hungary is HUF 150,571. Based on this, the amount of the pension adjustment reaches HUF 12,910, so the total November benefit (according to the rules of rounding) will be HUF 163,480. Added to this, the maximum pension premium of up to HUF 243,480 can be received in the account of an average pensioner in November.

"Another good news for pensioners is that from January, before next year's 3 percent regular pension increase is implemented, their pensions must be increased by one-twelfth of the lump-sum increase difference in November, i.e. by 0.71 percent, and in February, the next step of rebuilding the 13th monthly pension will come. which will now amount to 50 percent of the January 2022 pension," said the expert.

Source: Magyar Hírlap

Photo: MTI/György Varga