Socialist accuses Fidesz of misleading public on individual pension accounts
Despite government rhetoric, Parliament’s Monday decision will eliminate rather than create individual pension accounts, Socialist Board member Lajos Korózs said on Tuesday. Under a law approved on Monday, pension contributions from January this year will be transferred to individual pension accounts. Antal Rogán, the head of the parliamentary group of governing Fidesz, announced that savings accumulated under the former private pension system would be credited to these accounts some time later in the year. “What has been spent can no longer be credited. As long as Fidesz is in power, the pensions of all are at peril,” Korózs said. Upon the nationalisation of the assets of private pension funds, they promised to create individual accounts. Under the Monday law, however, they will not credit anything to the individual account, he said. “They promised to credit everything to everyone but finally voted not to give anything to anyone,” Korózs said.
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.