NGM: government will preserve the purchasing power of pensions, pensioners will receive an additional increase of an average of HUF 39,600 in November

According to the statement, this means an average of more than HUF 39,600 per person, which the government will provide to all pensioners.

According to the Act on Social Security Pensions, pensions must be increased in January of each year.

In January 2025, the government increased pensions by 3.2 percent, which provided substantial assistance to nearly 2.5 million recipients of pensions and pension-like benefits. The January increase amounted to a total of 200 billion forints annually, or 97,500 forints for an average old-age pensioner – including the 13th month pension correction.

According to the law, if the expected inflation for the whole year in September exceeds the amount of the January increase, a correction must be made in November – retroactively from January.

The government’s expectation for 2025 has been changed to 4.5 percent, so it will apply an additional 1.3 percent increase in November, meaning that it will pay 91 billion forints in compensation to the nearly 2.5 million recipients of pension benefits and pension-like benefits.

The Ministry of National Economy calculates that for an average old-age pensioner, the difference due to the pension correction will amount to more than 39,600 forints annually – including the 13th month pension correction. Of this, the pensioner will receive 36,550 forints in a lump sum with their November pension, and 3,050 forints in an increased amount with their December pension.