Hungary State Pension Retirement Age
Published / Last Updated on 25/02/2010
Hungary State Pension Retirement Age
by Ashley Clark, Director
The Organisation for Economic Co-operation and Development (OECD) has called upon Hungary to increase its statutory retirement age in line with life expectancy.
The country has been one of the worst affected by the financial crisis, although reforms have been carried out over the last few years.
As a result of currency collapse, Hungary was the first country to ask the International Monetary Fund (IMF) for a bail-out in 2008.
In another move, we have seen suggestions that Spain may increase the statutory minimum number of years social security insurance contributions to receive a full state pension from 15 to 30 years.
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