Hungarian government’s plan to redirect pension savings for homes gains backing from association
The Hungarian Association of Pension and Health Care Funds (ÖPOSZ) said government plans to clear the use of some pension savings for home purchases could serve its members’ long-term interests, if the self-care system was adjusted appropriately to make starting saving for retirement more attractive to younger Hungarians in a statement issued on Wednesday.
ÖPOSZ said the measure could redirect about HUF 300 billion (EUR 751 million) of savings toward home purchases, supporting around 30,000 transactions.
ÖPOSZ has submitted comments on the proposed measure to the National Economy Ministry, it added.
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