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Gov't sees future for just PAYGO, voluntary funded pension systems

Hungary's government aims to establish a pension system in the mid-term that includes the state pay-as-you-go system and a voluntary funded pension system, National Economy Minister György Matolcsy said on Friday.

The government recently suspended payments to mandatory private pension funds – one funded pillar of Hungary's current three-pillar pension system – and appointed a commissioner to review the funds. (MTI-Econews)