Old-age retirement (Öregségi nyugdíj)

What

Monthly gross salary of the employees includes the pension contribution paid by the employer. When you reach the age-limit or work-limit (65 years of age for men and 40 years of employment for women you have the right to retire and benefit from the old-age pension.

How

It is mandatory to pay obligatory pension contribution from your salary. The pension contribution is deducted from your gross salary and paid by the employer to the state’s pension insurance.

Here you can find the webpage of the responsible institution:

You can read more about the Hungarian social security system under “Everyday life – Description of the Hungarian social security system”.

On this page you can find more information about the Hungarian pension system (in English): https://nyugdijbiztositas.tcs.allamkincstar.gov.hu/en/

When

To be entitled to minimum pension benefits you need to have minimum 20 years of contribution, for reduced pension minimum 15 years.

Good to know

You can find more information on the following link about pension system (in English): http://www.pensionfundsonline.co.uk/content/country-profiles/hungary/2310

For information in English about the Hungarian administration system (government offices, government windows, allowances, etc.) you can call the governmental helpline, what you can find under “Everyday life – Governmental helpline” on this link: http://hu.danubecompass.org/archives/situations/governmental-helpline. If you are calling from Hungary call this number: 1818, if you are calling from abroad call this number: +36 (1) 550-1858.

Where

County level offices that deal with pension issues

On this link you can search for the county level government offices that deal with pension issues (in Hungarian). If you type the name of the town after “település” or the zip code after “irányítószám” on the top of the page you can search for the nearest offices).

https://www.onyf.hu/hu/uegyintezes/el%C3%A9rhet%C5%91s%C3%A9gek.html

Budapest, Hungary

Országos Nyugdíjbiztosítási Főigazgatóság (Central administration of National Pension Insurance)

Fiumei út 19./a.

1081 Budapest

Attention

When dealing with different cases in the Hungarian administration system it might be necessary to ask someone who speaks Hungarian to help you with translation.