Hungary - Pension System Overview

 

• IOPS Country Profile: Hungary 2019 (pdf)

• Hungary: Pension system in 2018 (Pensions at a Glance 2019. OECD and G20 indicators)
  
  
• Hungary Voluntary funded pension profile, 2019(ISSA/OECD/IOPS complementary and private pensions database)

Other resources:

• Report on insurance, funds, capital market risks and consumer protection (Central Bank of Hungary, December 2022)
• Green Finance Report: Status of the sustainability of the Hungarian Financial System (Central Bank of Hungary, March 2021)
• Insurance, funds and capital market risk report (MNB 2019)
• Competitiveness programme in 330 points (MNB 2019)
• 10-year Future of Insurance Sector in 7 Points (MNB 2018)
• Risk outlook for non-bank financial sectors (MNB 2015-2016)
• Pension Risk and Risk-based Supervision in Defined Contribution Pension Funds, (World Bank 2014)
• Reversal and Reduction, Resolution and Reform: Lessons from the financial crisis in Europe and Central Asia to improve outcomes from mandatory private pensions, (World Bank, May 2013)
• Presentation on Hungarian Pension System and Supervisory Approach (IOPS Basel, June 2007)
• 'Competition and Performance in the Hungarian Second Pillar' (Impavida, Rocha World Bank 2006)
• 'The Sustainability of the Hungarian Pension System: a Reassessment' (Orban, Palotai 2005)

Key Regulatory and Supervisory Authority:

• The Central Bank of Hungary, www.mnb.hu/en

Key Official Statistical Reference and Sources on Private Pensions:

• The Central Bank of Hungary, www.mnb.hu/en
• Hungarian Central Statistical Office, www.ksh.hu

Videos

In the 3 short videos below, Tamas Fulop, from the Hungarian Financial Supervisory Authority, discusses the objectives, quantitative indicators and systemic risks of risk-based pension supervision (You Tube, Oct. 2010):

Objectives:

Quantitative indicators:

Systemic risks: