Hungary Raises Minimum Pension to 120000 Forints
Hungary will increase its minimum old age pension significantly starting January 1 2027. Prime Minister Peter Magyar confirmed the policy as fulfilling a key election campaign pledge.
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Hungary will raise its statutory minimum old-age pension to 120,000 forints per month from 28,500 forints, Prime Minister Peter Magyar announced on Thursday. The fourfold increase marks a major policy shift following Magyar's April election victory. The adjustment takes effect on January 1, 2027, fulfilling a core campaign pledge of the Tisza party.
