Hungarian trade union alliance proposes 15 percent pension increase

Trade union alliance MASZSZ asks for a 15 percent pension increase from January and a one-time payment of 50,000 forints for pensioners receiving less than 160,000 forints (EUR 391) per month, the union said on Monday.

MASZSZ leader Róbert Zlati said in a statement that the government’s calculation of a 4.5 percent pension hike for 2023 had been “either deliberately wrong or grossly incorrect”. The raise should have come to 6.1 percent, he said.

After consulting pension experts, the alliance demands a 15 percent increase from next January, to keep abreast of inflation, he said.

Low-income pensioners will need a one-time subsidy because

“Hungary has seen the fastest food price hikes in the European Union, burdening pensioners at a time when utility costs are also growing drastically,”

Zlati said.

As we wrote on Sunday, it might be hard to imagine, but inflation can have positive impacts on economies, details HERE.

Read alsoPHOTOS: teachers, students and parents held a protest march in Budapest