A decision on the pension increase will probably be made after the summer, i.e. in September, writes Világgazdaság with reference to the Bankmonitor article. They write: a certain amount of increase will be necessary retroactively, since the Hungarian National Bank's forecast for this year published in June is 16.5-18.5 percent, but the market analysts interviewed expect an even more painful value, between 18-19 percent.
That is, this exceeds the 15 percent already paid (this was the increase so far this year), so according to this
another 1.5, but it is more likely that a 3 percent pension increase will come.
According to this, in November, the average pension can rise to approximately HUF 216,000, and the elderly can also receive the increase for the 10 months from January to October (plus the 13th monthly pension) in one sum: this would mean a one-time payment of approximately HUF 69,000 at the level of the average pension.
Old-age pensioners and those receiving so-called "pension-like benefits" are also entitled to the retroactive increase. Together, they receive HUF 465 billion in monthly benefits from the state, so a 3 percent pension adjustment requires approximately HUF 14 billion in extra spending per month.
Source: Mandarin
Cover image: MTI/György Varga
