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According to the Coordinating Council of Retirement Organizations (NYUSZET), a retrospective pension increase of 1.5 percent, delayed and promised due to high inflation, is due to between two million and six hundred thousand people receiving pensions and benefits similar to pensions, writes MTI.
According to the organization’s statement on Saturday, the Orbán government’s economic policy and its callousness based on domestic consumption, its lack of consideration of the increasingly critical situation of people with lower incomes, including the majority of pensioners, it has and will have dangerous consequences.
The Orbán government gives the difference between the 2.8 percent increase at the beginning of the year and the 4.3 percent inflation of retirees in the first eight months, but the organization’s experts expect a greater price increase expected by the end of the year. The average pension, which will increase by an average of 1,700 HUF, will approach 144,000 HUF from November, but this amount will not be enough for a decent life for retirees due to the transformation of the consumption structure in the epidemic situation, NYUSZET notes.
Older people spend more than their average income on food, and this pre-30 percent rate may have continued to grow since the virus appeared. At the same time, it is difficult to know the real situation if the CSO determines inflation from the consumption structure of two years ago.
In NYUSZET’s view, bringing the additional increase forward to October would be a significant help, as they would still consider it justified to pay a one-time immediate pension supplement of HUF 50,000 to those who receive benefits at least below the average pension.
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