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Gov’t raises pensions another 1%

The government will raise pensions by an additional 1% from November, retroactive to January 2005, government spokesman András Batiz announced after Wednesday's cabinet meeting. The increase, which comes on top of a 6.3% rise early this year, translates into additional budget expenditures of Ft 21 billion, Batiz said. Pensioners will also get an annual bonus in autumn, equivalent this year to three weeks of pension payments. There are more than 2.6 million pensioners in Hungary.