Hungarian Government to Raise Minimum Old-Age Pension, PM Magyar Says
8 Articles
8 Articles
Hungarian government to raise minimum old-age pension, PM Magyar says
According to the Prime Minister, this will double the pensions of many people.
According to Péter Magyar, not only this, but "making prescription drugs VAT-free and reducing the VAT on firewood from 27 to 5 percent will also help" hundreds of thousands of pensioners "to live a life worthy of a human being."
The new conservative government of Hungary, in power since last May, announced this Thursday that since January 2027 the minimum pension will increase from [...]
The minimum amount of the old-age pension will increase to 120,000 forints from January 1 - Prime Minister Péter Magyar announced the government's decision the previous day on his Facebook page on Thursday. Péter Magyar announced: Pensions for many elderly people will double the amount was first published on Most Hír.
The minimum amount of the old-age pension will be increased to 120,000 forints from January 1, 2027, Prime Minister Péter Magyar announced in a video message on Thursday. The minimum pension has been unchanged at 28,500 forints since 2008, and according to the Prime Minister, the increase will affect hundreds of thousands of elderly people.
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