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Pension pool expected to shrink drastically

If the amount of pension contributions remains the current 34% of salary, the total pension pool will soon start to shrink drastically, business daily Világgazdaság reported, citing insurance association Mabisz.

According to a recent survey conducted by the UN, an average Hungarian pensioner will get only 17% of the average monthly salary by 2050, Világgazdaság added.

Hungary is in the worst situation in the CEE region in terms of the proportion of the population over the age of 60, the paper said.