Pensions in Hungary are set to rise 1.6% next year, Human Resources Minister Zoltán Balog said on Friday.
The hike will be across the board, including retirement pensions, pension benefits for orphaned or widowed persons, early retirement pensions, disability pensions and benefits. The hike affects 2.6 million people in Hungary.
The 1.6% rate of increase does not come as a surprise. Passed last summer, the 2016 budget includes a projected 1.6% pension hike.
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