• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Jobbik vows to introduce new pension calculation systemJobbik vows to introduce new pension calculation systemJobbik vows to introduce new pension calculation systemJobbik vows to introduce new pension calculation system
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • Budapest Airport offers 107 destinations, plans to launch these Transatlantic flights

  • Market leader Porsche subsidiary introduces the euro in Hungary

  • This is how Hungary could be kicked out of the EU

Support us
Daily News Daily News · 07/06/2017
· Business

Jobbik vows to introduce new pension calculation system

pension

The opposition Jobbik party has promised to introduce a new system for calculating and raising pensions if it came to power.

Addressing a parliamentary debate on pensions on Tuesday, Jobbik deputy leader Tamás Sneider said spending on pensions in Hungary was too low. He noted that Hungary had spent 11 percent of GDP on pensions in 2009 but only 9 percent by 2014. Meanwhile, the European Union average for public pension spending is 13 percent, he noted.

Another problem with Hungary’s pension system is that low wages result in more and more pensioners receiving very low pensions, he said. This is especially prevalent in sectors like health care and the social sector, he said.

If Jobbik came to power, it would give bigger hikes to low pensions and introduce changes to the pension system on a sector-by-sector basis.

Sneider also criticised the system of so-called “luxury pensions” which he said had been introduced by ruling Fidesz and had resulted in pensions as high as 2 million forints (EUR 6,500).

He said his party would also allow men to retire after 40 years of work.

Under the new pension rules, inflation would be calculated based on a basket of goods and services used by pensioners, Sneider said. He also proposed that state pension rises reflect up to 50 percent of the rise in real wages.

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economy Jobbik parliament pension
Share

Hot news

  • This is how former PM Gyurcsány wants to unite the opposition

  • Budapest–Belgrade railway in big trouble, PM Orbán travels to Bejing to find a solution

  • Foreign minister in talks with Russian, Turkic leaders

  • Two Hungarian confectioneries in world TOP 40

  • Hungary wants more Chinese investments

  • VIDEO, PHOTOS: Johnny Depp spotted in Buda Castle, fans in ecstasy

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
This is how former PM Gyurcsány wants to unite the opposition

This is how former PM Gyurcsány wants to unite the opposition

Read More
Budapest–Belgrade railway in big trouble, PM Orbán travels to Bejing to find a solution

Budapest–Belgrade railway in big trouble, PM Orbán travels to Bejing to find a solution

Read More
Foreign minister in talks with Russian, Turkic leaders

Foreign minister in talks with Russian, Turkic leaders

Read More
Two Hungarian confectioneries in world TOP 40

Two Hungarian confectioneries in world TOP 40

Read More

Hungary wants more Chinese investments

Read More
VIDEO, PHOTOS: Johnny Depp spotted in Buda Castle, fans in ecstasy

VIDEO, PHOTOS: Johnny Depp spotted in Buda Castle, fans in ecstasy

Read More
Opposition party claims Budapest is not prosecuting drivers

Opposition party claims Budapest is not prosecuting drivers

Read More
New European QS university ranking: Hungarian universities in the top

New European QS university ranking: Hungarian universities in the top

Read More
PHOTOS: Unique Hungarian museum about Trianon reopened

PHOTOS: Unique Hungarian museum about Trianon reopened

Read More
Hungary brings help for Africa’s Sahel region

Hungary brings help for Africa’s Sahel region

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?