Pensioner coops employ more than 20,000
The legal form of cooperative was introduced in Hungary in 2017 to keep retired people economically active and fill shortages in the labor market. It allows members to receive income from work alongside their old-age pension, and also benefit from preferential taxation.
The president of the National Interest Association of Pensioners’ Cooperatives, Attila Dolgos, said there are a total of 150 registered pensionersʼ cooperatives. Currently the association has 18 active members and employs more than 20,000 retired people.
Cooperatives create a social space for elderly people where they can engage in networking and participate in programs if they are interested. Cooperatives help businesses in taking over the tasks of administration, recruitment, organization and reporting, notes business news site mfor.hu.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.