Pension FAQ

Short answers to the questions asked most often about the Hungarian old-age pension, drawn from Tny. and its implementing decree.

When can I retire?

Your date of birth decides it, under the Tny. § 18(1) table. A few bands state the exact threshold in days rather than months. The full table is on the retirement age page.

How many years of service do I need?

Any old-age pension needs at least 15 years of service. Women with at least 40 years of qualifying time can claim regardless of the retirement-age table.

Is there an early-retirement route?

No — Tny. currently carries no standing early old-age pension route. The one provision that mentions such a scheme is a transitional rule for pensions already awarded before 1997, not an option open to a new claimant.

How is the amount worked out?

As a monthly average-earnings base (running from 1 January 1988) multiplied by a percentage that depends on years of service — 43% at 15 years, up to 100% at 50 years. In full on the calculation page.

What is the minimum pension?

The minimum full old-age pension is 28 500 Ft a month.

Does working past the retirement age pay off?

Yes: every started 30 further days of unclaimed work raises the eventual pension by 0,5%, automatically.