The new cooperative form for pensioners is popular

By: Trademagazin editor Date: 2017. 10. 25. 11:09

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Within three months, 36 Public Interest Pensioners Cooperative were established in Hungary and their number is likely to rise further – Hantos Zoltán, project manager of the OPTEN company information service provider told.

With the amendment of the law, which entered into force on 1 July 2017, it was possible to set up public interest retirement cooperatives. The purpose of creating the new co-operative form is to reintegrate active retirees into the labor market, thus reducing the increasing labor shortage in the private sector.