Recent changes in the Hungarian pension system
Słowa kluczowe:
Hungary, reform in the pension scheme, second old-age pension pillarAbstrakt
After the pension reform in 1997, the participation in the private pension scheme was mandatory , so the private pension schemee had substitute role in a defined measure. However, after the pension reform in 2010–2011 its function has changed. In May 2010, the conservative party had a landslide victory and by 2011 closed the mandatory second old-age pension pillar and used up the released capital to reduce the government deficit and finance public expenditures. These decisions were highly controversial aroused and raise a number of problems. The authors also discuss the issues that go to the national courts and international.
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