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Over 95,000 Hungarians have decided to keep their private pension accounts, according to the latest press report. The final number could be closer to 100,000.
Thus, the majority of the 3.3 million Hungarians who are private pension fund members opted to return their portfolios to the state budget. Those, who decided to stay are typically the highest earners with assets in value of several million forints on their private pension accounts. (GL)