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Pension funds will fight proposed government suspension of payments

Pension funds will take every possible opportunity to oppose the suspension of government payments to the mandatory funds announced by Prime Minister Viktor Orbán on Wednesday, the Stabilitás Fund Association representing all mandatory pension funds in Hungary said on Wednesday evening. The association asserted that the planned measure is tantamount to taking away the HUF 2,700 billion assets of the 3m members of mandatory pension funds in Hungary, and it is equal to a "subtle renationalization recalling the 1950s years". (MTI-Econews)