Tag: Pensioners

Once again, the government is leaving hundreds of billions with the people by extending the credit moratorium!

Not a single Hungarian is alone!

Once again, the government is leaving hundreds of billions with the people by extending the credit moratorium!

Left-liberal false news propaganda is constantly lying about the credit moratorium (also) Instead of publishing reality, they deal with desire-driven journalism, describing unsupported things, practically expressing their own opinions and communicating them as facts.

Let's clarify a few things.

📌1. The installment does not increase even after the repayment moratorium, the moratorium has no effect on the installments.

With the expiration of the repayment moratorium, from 2021, according to the relevant legislation, no one will increase their monthly installment. The only exception to this is floating rate loans, which would change even without the moratorium. Consequently, everyone will have to repay the same amount per month as they would have paid in January without the moratorium, the Magyar Nemzeti Bank pointed out in a statement sent to MTI.
Source:https://www.mnb.hu/sajtoszoba/sajtokozlemenyek/2020-evi-sajtokozlemenyek/a-fizetesi-moratorium-miatt-nem-nohet-a-havi-torlesztes-osszege

📌2. In the first phase of the loan repayment moratorium (until the end of December), HUF 2,000 billion remained in the pockets of Hungarian families and businesses, and the measure provided assistance to 1,600,000 families and 60,000 businesses.
Source:https://www.origo.hu/gazdasag/20201020- votes.it-orszaggyules-kedden-a-hjelmoratorium-meghosszabbitasa.html

📌3. This morning, the National Assembly passed a law providing for the extension of the moratorium on loan repayments due to the coronavirus epidemic until the summer of 2021. The opportunity will be available to families raising children, pensioners, the unemployed, public employees and certain businesses.
From January 1, therefore, families raising children, the unemployed, public employees and retirees will automatically receive this opportunity, and businesses will be able to be exempted from repayment on application if their income has fallen by 25 per cent.

These are the facts, everything else is just a side effect.

In more detail:

The deputies unanimously approved the proposal of the Minister of Finance on 166 votes in favor.
The aim of the regulation is to prevent pensioners, parents raising children, jobseekers and public employees from still having to pay their capital, interest and fee obligations arising from loan and loan agreements and financial leasing agreements in the first half of next year.

Parliament has empowered the government to set an indicator that will extend the moratorium on loan repayments to businesses in financial difficulty.
The moratorium will continue to apply to contracts entered into before 18 March 2020, and a loan cancellation ban will apply to those who do not renew until the middle of next year.

The law also continues to allow the debtor to repay under the original terms of the contract.
The extension of the moratorium also covers loans and student loans of financial institutions domiciled and having branches in Hungary, as well as financial leasing in addition to loans and cash loans.

In the case of baby waiting loans, the guarantee fee of the state guarantee is waived during the period of the payment moratorium, the debtors do not incur any costs due to the deferral.
In addition to the above, the scope of the new payment moratorium has been extended to debtors belonging to a special social group participating in private bankruptcy proceedings.

Interest accrued during the payment moratorium, together with the installments due for the remaining term, shall be paid in equal annual installments during the term following the expiry of the payment moratorium. Upon expiry of the deferral, the term shall be extended so that the sum of the installment due and the interest payable in installments accruing under the payment moratorium does not exceed the amount of the installments under the original contract. The rules on interest should apply mutatis mutandis to fees.

Extending the credit moratorium could help more than 750,000 people

The extension is available to all families raising children, all retirees, the unemployed and the public, as well as businesses whose incomes have fallen significantly, they wrote. The indicator, which provides an opportunity to extend the moratorium for businesses, will be set out in a separate government decree. The companies concerned must apply for further use of the moratorium, demonstrating that they are a firm in difficulty, supported by data, they added.

With the new measure, 47 percent of those who have benefited from the population moratorium so far, a total of more than 750,000 people, can benefit. The largest group of users of the moratorium are families raising children, with an estimated number of more than half a million, the statement said. Due to the use of deferred payment, debtors still cannot be disadvantaged. The adopted law states that no deferred interest can be charged on deferred debt, the extension of the term must ensure an even distribution of payment burdens, they wrote.

In addition, until June 30, 2021, neither corporate nor retail debtors ’credit agreements can be terminated. The moratorium on termination will help those who face payment problems but cannot use the moratorium on repayment, they added.
They noted that those who, due to their financial situation, can and want to continue to repay can still fulfill their payment obligation, but if they still face a payment problem in the meantime, they can once again take advantage of the favorable opportunity provided by the moratorium.

Source, video:https://www.origo.hu/gazdasag/20201020- votes.it-orszaggyules-kedden-a-hjelmoratorium-meghosszabbitasa.html
https://www.magyarhirlap.hu/belfold/20201020-meghosszabbitottak-a-torlesztesi-moratoriumot

Tags: Family  Living  Pensioners 

Retirees, pension system reform

10 Years of Civil Governance - Part 16

Retirees, pension system reform

The Perspective Institute also spoke about retirees:
“The purchase value of pensions was not only maintained but also increased by 10 per cent, the per capita value of social benefits for old age was 1529.3 in PPS in 2010 and 1766.5 in 2018. Among the economic measures, it is symbolic that the Government will gradually restore the 13-month pension withdrawn in the spring of 2009 from 2021. ”

Additionally:
The average pension of HUF 97,259 in 2010 increased to HUF 142,114 (1) by 2019 (46.1%), while inflation was 27% in the same period (2), so the increase in the average pension exceeded inflation by 19%.

The 13-month pension was taken by the left-liberals (3) and meanwhile they have a face to constantly criticize the pension system. As of July 1, 2009, the Bajnai government abolished the 13-month pension and abolished the pure Swiss indexation, which takes into account inflation in half as well as expected net earnings growth. Even in return, they introduced the then economically unthinkable pension premium, as at that time GDP growth did not reach 3.5%, which is a basic condition for the pension premium. Sounds nothing to hold it tight! Furthermore, they abolished the Swiss indexation (3), ie introduced the rule that if GDP growth remains below 3%, only the pension will increase by the rate of inflation, between 3-4% by 80-20% of inflation and depending on net average earnings, between 4-5% in 60-40% depending on inflation and net average earnings, and from 5% in 50-50% according to classical Swiss indexation.

From 2012, raising pensions will only be linked to inflation.

Left-liberals, of course, scream about pensions (4). Let's examine the legitimacy of their screaming. In 2009, the 13-month pension was abolished, so they could have screamed, but they didn’t scream because it was arranged by the Bajnai. In 2010 and 2011, GDP did not grow above 3.5% (5), so the pension definitely increased with inflation: no difference, Bajnai-half pension system lived.

According to the new pension system introduced from 2012, as well as according to Bajnai's version, pensions would have increased only in 2012 and 2013 with inflation, as GDP grew by less than 3%. In 2014, GDP increased by 4.2%, inflation was -0.2% and average earnings increased by 3%, in 2015, with GDP growth of 3.8%, inflation was -0.1% - and net average earnings increased by 4.3%. According to mathematics, pensions should not have risen in these years, but increased by 2.4% in 2014 (6) and 1.8% in 2015 (7). In 2016, GDP growth did not reach 3%, there is no debate about raising pensions.

From 2017, however, retirees would have been better off if net wage growth had been taken into account at 60% in 2017, 50% in 2018, and 60% in 2019. However, the pension premium has already been received by the retirees in these years, and the overhead voucher and the Elizabeth voucher have also arrived.

From 2020, the 13-month pension will be gradually rebuilt over 4 years, which can be converted into a 2% annual increase over 4 years in addition to inflation.

Working pensioners can benefit from a contribution exemption from 1 July 2020, which represents a 14% increase in earnings (8).

Turning to private pension funds, the analysis reads as follows:
"The government encouraged private pension fund members to return to the state pension system, as it considered the second pension pillar created by the 1997 pension reform to be too costly and inefficient, and the measure stabilized the Hungarian pension system."

Additionally:
The private pension fund (manyup) received almost the full amount of the employee's pension contributions, while the employer's part went to the state pension fund.

The state pension fund operates on a pay-as-you-go basis, ie on the basis of income expenditure. Pensions are paid from pension (nature) contributions received from employees. If the income is less than the expenditure, it must be obtained from elsewhere, as the payment of pensions is obligatory in Hungary.

Over time, more and more people have entered the labor market by paying part of their pension contributions to manyup, i.e. not the state. The proportion of active workers did not increase properly, many rushed to retirement at a young age. GDP growth fell well short of the expected 5%, the general government deficit was unsustainable, inflation subsided, the operating cost of manyup kicked in multiples of 0.3% of capital, while pensions had to be paid. These factors caused the operation of manyup to put a total burden of almost HUF 3,000 billion on public finances by 2010, with the situation deteriorating every year.

In recent years, the Orbán government has only been able to provide the economic conditions necessary for the operation of manyup.

When the Orbán government restored the pension system in 2011 (97% of manyup members automatically retired to the state pension, compulsory entry ceased), it nationalized HUF 3,000 billion in manyup assets.

Half of this was in high-interest government securities, which meant debts and debts to the state. Since the state could not owe itself, these government securities were simply withdrawn, resulting in a one-time, drastic reduction in government debt.

Of the remaining amount, the state paid pensions, family allowances, created jobs, and provided tax relief to families, basically this amount greatly contributed to the start-up of the economy.

So there is no question of theft, only malicious and / or ignorant lies on the part of the left-liberal fake news media and their guided readers. By eliminating manyup, Hungary escaped many HUF 1,000 billion of unnecessary expenditures and debt (9).

Details:
Firsthttps://www.ksh.hu/docs/hun/xstadat/xstadat_eves/i_fsp001.html
Secondhttps://www.ksh.hu/docs/hun/xstadat/xstadat_eves/i_qsf001.html
Thirdhttps://www.jogiforum.hu/hirek/20569
4thhttps://merce.hu/2020/04/20/atlagosan-3600-forintot-vesz-ki-a-nyugdijasok-zsebebol-az-inflacio/
5thhttps://www.ksh.hu/docs/hun/xstadat/xstadat_eves/i_qpt001.html
6thhttps://adozona.hu/tb_jarulekok_nyugdij/Nyugdijemeles_2014_1Y5XOL
7thhttps://www.origo.hu/gazdasag/20141222-kisebb-lesz-a-nyugdijemeles-2015-ben.html
8thhttps://www.kormany.hu/hu/nemzetgazdasagi-miniszterium/adougyekert-felelos-allamtitkarsag/hirek/az-uj-jarulekszabalyok-evente-350-milliardot-hagynak-a-csaladoknal-a-lakossagnal-es-a- UNDERTAKING case
9thhttps://szamokadatok.hu/Post/427/Tenyleg_ellopott_a_Fidesz_3000_milliardot

Source:
https://nezopont.hu/wp-content/uploads/2020/05/A-polgári-kormányzás-tíz-éve-1.pdf

Previous part:
https://szamokadatok.hu/Post/1651/Munka_es_a_gyermekvallalas_osszeegyeztethetosege

Tags: Pensioners 

95% of the election promises have already been fulfilled

Fidesz not only speaks, but acts - Complete, 92-point list

95% of the election promises have already been fulfilled

Full list here:https://nezopontintezet.hu/wp-content/uploads/2020/05/A-polgári-kormányzás-tíz-éve.pdf

In a decade of civic governance, the goals and commitments for 2010 were met by 95 percent, the Perspective Institute said in an analysis.
Speaking of the analysis, the institute recalled that just ten years ago, on May 14, 2010, the sixth freely elected Parliament after the change of regime convened, which, as they put it, “also closed the work started twenty years earlier”. They added that in the new parliament, the Fidesz and KDNP factions won two-thirds of the seats. Their election program has also become the official program of the government of Viktor Orbán, who was elected prime minister two weeks later, they wrote. The analysis highlighted that in a decade of civic governance, the 2010 targets and commitments were met by 95 percent. In this context, it was recalled:

During the 2010 change of government, Hungary was hit by an economic and moral crisis. The government program announcing the policy of national affairs 2010 wanted to respond to Hungary's economic, public security, health, social policy and rule of law challenges.

The Point of View Institute called the creation of 800,000 new jobs the most important achievement in the economy. From the reduction of bureaucracy to the provision of corporate and municipal resources to the opening of the economy to the east, all the measures implemented “made the Hungarian economy more resilient and Hungarian families more self-sufficient”, they continued. They added: After 2010, the perception of the police and the sense of security of the families was restored. The number of crimes has halved, with the focus on protecting victims instead of protecting perpetrators. By creating a medical career model, supporting access to practice and raising the wages of health workers, workers in the sector have been given a perspective, the analysis also highlighted an increase in the purchase value of pensions, 36,000 families fleeing their homes, employment and childbearing has been made more compatible and the burden of social care has been reduced.

Although 5 per cent of the government's program targets are still being implemented, at least as many measures have been implemented since 2010 to respond to the new challenges.

They remarked. The viewpoint called the benefits of the last ten years, among other things, the reduction in overheads introduced for the first time since the change of regime, the largest NATO-led force development since the change of regime, a series of economic whitening measures, and Europe's most comprehensive family support.

The success of the government between 2010 and 2020 and the expectations after 2022 are evidenced by the fact that, according to the opinion of 70% of Hungarians, Viktor Orbán can still be the head of government after 2022.

The institute said.

Source:https://nezopontintezet.hu/wp-content/uploads/2020/05/A-polgári-kormányzás-tíz-éve.pdf
https://nezopontintezet.hu/2020/05/14/a-polgari-kormanyzas-tiz-eve/

Tags: Council  Crime  Development  Economy  Education  Family  Healthcare  Living  Pensioners 

The Left can only steer with restrictions

The Left can only steer with restrictions

Just so as not to forget who is advising us on economic crisis management from the opposition:

In 2008, on the 19th day after the onset of the global economic crisis in Hungary, the Gyurcsány government agreed with the IMF on borrowing, and soon afterwards with the EU and the World Bank, then worth more than HUF 4,200 billion.
Despite all this, VAT, PIT, EVA, excise, energy, car and property taxes increased, as well as the socpol, the 13th month salary and pension were abolished, as well as the retirement age was increased, the GYED, the GYES, sick pay, family allowance, and gas compensation.

At the time, these decisions were voted on by several of the Members still active today:

Sándor Burány (Dialogue)
István Hiller (MSZP)
Lajos Korózs (MSZP)
Attila Mesterházy (MSZP)
Gyula Molnár (MSZP)
Zsolt Molnár (MSZP)
László Szakács (MSZP)
László Varga (MSZP)
Ferenc Gyurcsány (DK)
Gergely Arató (DK)
Ágnes Vadai (DK)
László Hajdú (DK)
Oláh Lajos (DK)
László Varju (DK)

This is what they say: Much more modestly!

Source:Farkas Örs

Tags: Family  Left-wing destruction  Living  Pensioners  Tax 

Rebuttal of another Jobbikos lie

Rebuttal of another Jobbikos lie

While Jobbik and their buddies spent 177 million forints on Facebook propaganda alone (https://www.facebook.com/.../photos/10914131.../158369002306908/) are now beating retirees.

They claim there is no 13-month pension, and inflation was more than a raise. The reality, on the other hand, is that the elderly receive a quarterly amount in February 2021, half a month in early 2022, three-quarters a month in 2023, and a full monthly amount in 2024. The 13-month pension can then be counted on in full each year.

In addition to these supplements, there has been, and still is, an annual increase, there was an Elizabeth voucher, there was a Overhead Voucher and there was also a Pension Premium.

Lie:
https://www.facebook.com/.../.../484403621404/10157887764886405/

Rebuttal:
https://www.facebook.com/.../134933189912743/3714644111941615/

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Tags: Jobbik  Pensioners 

Retirement - Austerity or Economic Protection?

Retirement - Austerity or Economic Protection?

The fact that the Government of Hungary has announced that it will repay the 13-month pension in four steps
- improves the financial situation of pensioners
- supports the economy through consumption
- reduces families' feelings of insecurity and vulnerability
- overall, it reduces the negative effects of the crisis, thus supporting economic protection objectives

Source:oeconomus

Tags: Economy  Left-wing destruction  Pensioners 

Did Fidesz really steal 3,000 billion?

The reality of reforming the pension system

Did Fidesz really steal 3,000 billion?

The Horn government said goodbye in 1998 to the manyup private pension fund system, which all those who were subsequently employed were required to join (others could join). Manyup included almost the full amount of the pension contribution charged to the employee, while the employer paid it into the state pension fund.

The state pension fund operates on a pay-as-you-go basis, ie on the basis of income expenditure. Pensions are paid from pension (nature) contributions received from employees. If the income is less than the expenditure, it must be obtained from elsewhere, as the payment of pensions is obligatory in Hungary.

Over time, more and more people entered the labor market by paying part of their pension contributions to manyup, i.e. not to the state. The proportion of active workers did not increase in the right way, many rushed to retirement at a young age for reasons (or at the age of 38 under the laws at the time). GDP growth fell well short of the expected 5%, the general government deficit was unsustainable, inflation subsided, the operating cost of manyup kicked in multiples of 0.3% of capital, and pensions had to be paid. These factors caused the fact that by 2010 the operation of manyup had placed a total burden on public finances of almost HUF 3,000 billion, with the situation deteriorating every year.

For our left-liberal readers to understand the size of the amount: it is almost 16 Puskás Arena, in other words a total of 12,000 !!! CT machine. So we found HUF 3,000 billion in wasted wealth from left-liberal economic “harvesters”.

We are not talking about the idea, but about the insufficient execution. The economic conditions necessary for the operation of manyup have only been provided by the Orbán government in recent years.

When the Orbán government restored the pension system in 2011 (97% of manyup members automatically retired to the state pension, compulsory entry ceased), it nationalized HUF 3,000 billion in manyup assets.

Half of this was in high-interest government securities, which meant debts and debts to the state. Because the state could not owe it to itself, these government securities were simply withdrawn, resulting in a one-time, drastic reduction in government debt.

Of the remaining amount, the state paid pensions, family allowances, created jobs, and provided tax relief to families, basically this amount greatly contributed to the start-up of the economy.

So there is no question of theft, only malicious and / or ignorant lies on the part of the left-liberal fakenews media. With the abolition of manyup, Hungary escaped many HUF 1,000 billion of unnecessary expenses and debt.

references:
https://hu.wikipedia.org/wiki/Magánnyugdíjpénztár
https://nyugdijmaskeppen.hu/magannyugdijpenztar-manyup/

Tags: Economy  Pensioners 

The difference between men's and women's pensions 

The difference between men's and women's pensions 

In the European Union, the average pension for men is almost 40% higher than for women; the European Parliament believes that an EU-level strategy is needed to tackle the problem.

In 2017, a decision was adopted on “the need for an EU strategy to close and prevent the gender pension gap”, but disparities have narrowed in only a few countries.

In Hungary, the difference is currently 16%, which is almost half of the EU average.

Source:https://bbj.hu/economy/hungary-gender-pension-gap-below-eu-average_177985
https://kamaraonline.hu/egyre-nagyobb-a-szakadek-a-ferfiak-es-a-nok-nyugdija-kozott/

Tags: European Union  Pensioners 

Hungarian retirees are not at risk of impoverishment 

Hungarian retirees are not at risk of impoverishment 

According to Eurostat, Hungary has the fourth lowest proportion of pensioners over the age of 65 at risk of poverty among the EU Member States.

It will certainly not be written about by the index or the 444. Let’s look at the countries that liberals always look up to and convey the message that they are the example to follow: Germany, Belgium, the Netherlands, or even the EU average: all worse position.

But what does this indicator mean? What does it mean to put someone at risk of poverty? Proportion of people at risk of poverty or social exclusion: persons
proportion of the total population who have either relative income poverty or severe material deprivation
deprivation are affected. There are many components to this, but the fact that the vast majority of Hungarian retirees live in their own, unencumbered homes, have a regular income and cannot be surprised for the future, as pensions in Hungary follow inflation, typically has a great effect on the good indicator.

Source:
https://www.facebook.com/.../pcb.259531641.../2595316257419959/...
https://ec.europa.eu/eurostat/statistics-explained/index.php/Glossary:At-risk-of-poverty_rate

Tags: European Union  Pensioners 

Situation of pensioners 

Situation of pensioners 

There is no dispute that retirees have never been, and will never be, rich. The state provides a basic care, and everyone can supplement it with as much as they have produced in their lifetime (saved or gained other sources of income).

Let’s see how the situation of the average retiree has evolved in light of inflation. In both periods, the average pension increased above the inflation rate, only the rate of other or the left government raised the overhead, which at that time could be up to a third of the amount of the pension, and the Fidesz-KDNP national government reduced the overhead by 25%. , while increasing pensions to a slightly greater extent.

Pension premium, Elizabeth voucher, overhead voucher: This was not the case under left-wing government.

Reality cannot be hidden and covered up with false news.

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Source:
https://www.ksh.hu/docs/... / xstadat / xstadat_eves / i_fsp001.html
https://www.ksh.hu/docs/... / xstadat / xstadat_eves / i_qsf001.html

Tags: Pensioners