Opposition LMP Calls For Pension Hike In Hungary

  • 5 Jan 2021 7:57 AM
  • Hungary Matters
Opposition LMP Calls For Pension Hike In Hungary
The government is “cruelly letting old people down” by keeping the minimum pension low and indexing pensions below inflation, Erzsébet Schmuck, co-leader of the opposition LMP party, said, and called on the government to raise pensions by 4% in January, as well as increase the minimum pension “two-and-a-half-fold to above a monthly 71,000 forints (EUR 197)”.

Schmuck said that pensions would currently be indexed by 3%, whereas, for example, the price of motorway vignettes had gone up by 3.9%, with regard to inflation.

In addition, she said, pensioners would only be given the increase at the end of 2021, with the government “using their money for free” all year long.

Schmuck slammed the government for not planning to increase the minimum pension, which had been the same 28,500 forints a month for the past 13 years.

She said that giving pensioners an extra one-fourth of a month’s pension this year was “eyewash”, and suggested that the measure was hardly suitable to prevent the elderly from being impoverished.

The lawmaker also urged the government to reduce the VAT on fundamental food products from 27% to 5%.

MTI Photo: Balázs Mohai

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Pensions to Rise By 15% in Hungary from January

    Pensions to Rise By 15% in Hungary from January

    • 14 Dec 2022 9:29 AM

    The government will raise pensions by 15% as of Jan. 1, Prime Minister Viktor Orbán said on Tuesday. In a video published on Facebook, Orbán said he had signed a government decree on the pension hike.

  • Hungarian Opinion: Government Extends Price Caps

    Hungarian Opinion: Government Extends Price Caps

    • 30 Apr 2022 7:55 AM

    Pro-government analysts welcome the government’s decision to keep prices down as a pragmatic social policy at a time of rapid inflation. Left-wing and liberal commentators see price caps as political tools with few economic benefits.