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Pensions will be delivered by Correos in the usual system of previous years, in the case of bank transfers in 11 months in the middle of the month, but once in 2021. And future planners will receive additional money between May and June 2021, and the 13-month pension, essentially 53 weeks, may arrive for the first time in February.
Pensions will continue to be paid in 2021, as usual, monthly for the month in question, at the earliest from the date it was determined by decision until the date of termination of entitlement, but no later than the last day of the calendar month. .
However, next year there will also be a change that the portal no longer addresses: the 13-month pension, which will arrive for the first time in February 2021, will not only be paid to retirees, it will amount to 25 percent of regular benefits. . Then the government promises that it will be rebuilt to the full amount in four years. In the case of the entire circle of beneficiaries, Magyar Nemzeti Bank expects an average pension of approximately HUF 134,000 by 2021, to which an additional benefit of approximately HUF 34,000 will accrue in early 2021.
Even members of the voluntary pension fund (ÖNYP) receive extra money: the money invested in the voluntary pension fund invested exclusively in securities and shares of the Hungarian government also comes with a return and a tax credit. The amount of the first can vary depending on the portfolio, however, the tax credit is fixed. Per the state’s decision, there is a 20 percent tax refund on the payments, further increasing the savings for retirement purposes in the individual’s account. As this covers the PIT fund, the corresponding amount will be credited to the ÖNYP member’s account between May and July after the return.
In the case of payments by mail, contract monthly pensions for 12 business days every month. Pension postal payment schedule In 2021, interested parties can find out what they should receive from Magyar Posta Zrt in 2020, according to Profitline’s summary.
According to the Profitline summary, if a retiree applies for their benefit by bank transfer, they can expect to be credited at these times:
- January 12, 2021 (Tuesday)
- February 12, 2021 (Friday)
- March 12, 2021 (Friday)
- April 12, 2021 (Monday)
- Wednesday, May 12, 2021
- June 11, 2021 (Friday)
- Monday, July 12, 2021
- August 12, 2021 (Thursday)
- September 10, 2021 (Friday)
- October 12, 2021 (Tuesday)
- November 12, 2021 (Friday)
- Thursday, December 2, 2021
At this time, the amounts increased by the 2021 increase are already being transferred. And in November, depending on inflation, there may be a pension adjustment.
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