This year’s pension bonus is expected to be higher than in 2017, around 18,000 forints (EUR 55.6), the human resources ministry’s state secretary for family and youth told public radio on Tuesday.
Katalin Novák said the principle behind the year-end pension bonus payment is that all Hungarians including the elderly should profit from the country’s economic growth. The government paid 12,000 forints bonus to pensioners in 2017. This year, based on a projected economic growth at around 4.4 percent of GDP, it is expected to rise, she said.
Speaking to public television, Novák said that the bonus will be paid before the end of the year to around 2.6 million eligible people.
Thanks to legislation taking effect in the coming months, the employment of retirees will become easier, helping them to return to the labour market, she added.
featured photo by György Varga/MTI