Pension premiums to be paid out in November will come to 80,000 forints (EUR 222), Prime Minister Viktor Orbán told public broadcaster Kossuth Rádió on Friday morning.
In view of the Hungarian economy’s performance, the government decided to pay that amount also to the 435,000 pensioners who wouldn’t be eligible under the pensions act, Orbán said. Meanwhile, inflation was higher than expected this year, he noted. Orbán said only half of pension compensations to offset inflation had been paid by July 1, with the second half also due in November, which will bring the one-off supplement for certain pensioners to as much a 100,000 forints (280 EUR).
That is because
the Hungarian economy is recovering quicker than expected before after the coronavirus crisis.