Hungary to increase minimum old-age pension to 120,000 forints

pension increase minimum pension Tisza Party social policy Hungarian economy

Prime Minister Péter Magyar has announced that the minimum old-age pension in Hungary will increase to 120,000 forints, effective January 1, 2027. This represents a significant rise from the previous minimum of 28,500 forints, a level that had remained unchanged since 2008. The measure is expected to affect approximately 127,449 pensioners, roughly 6.3 percent of the country's retirees.

In addition to the pension hike, the government announced plans to make prescription drugs VAT-exempt and reduce the VAT on firewood from 27 percent to 5 percent to assist low-income households. Finance Minister András Kármán noted that while the 13th and 14th monthly pensions will remain, the method of calculating them may change to ensure fairness.

The announcement has met with mixed reactions. While intended to alleviate poverty among the elderly, some critics on social media have argued that the targeted increase may be unfair to those who have contributed more through long-term social security payments. Data from the Central Statistical Office indicates that while the minimum is rising, a significant portion of retirees still live on less than 180,000 forints per month.

Entities

Central Statistical Office · Hungary · Kármán András · Magyar Péter · Peter Magyar · Tisza Party

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The minimum old-age pension amount has remained unchanged at 28,500 HUF since 2008. www.alon.hu · hir.ma
[○ 1 SOURCE] Prescription drugs will be made VAT-free. www.alon.hu
[○ 1 SOURCE] The VAT on firewood will be reduced from 27 percent to 5 percent. www.alon.hu
[● 3 SOURCES] The minimum old-age pension will increase to 120,000 HUF starting January 1. www.alon.hu · hir.ma · magyarnemzet.hu