Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds
The main purpose of writing this paper was to provide a clear summary of the main facts and motives of restructuring the financing of Hungarian social security system which has been in process since 2010. One of the main lessons learned from the development of the Hungarian pension system so far is...
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| Format: | Article |
| Language: | English |
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University of Ljubljana Press (Založba Univerze v Ljubljani)
2016-06-01
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| Series: | Central European Public Administration Review |
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| Online Access: | https://journals.uni-lj.si/CEPAR/article/view/20445 |
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| _version_ | 1832591540542767104 |
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| author | Peter Novoszath |
| author_facet | Peter Novoszath |
| author_sort | Peter Novoszath |
| collection | DOAJ |
| description | The main purpose of writing this paper was to provide a clear summary of the main facts and motives of restructuring the financing of Hungarian social security system which has been in process since 2010. One of the main lessons learned from the development of the Hungarian pension system so far is that the mandatory private pension funds working on the basis of a funded scheme were not able to solve the problems whose solution they were established for. In addition, they caused further problems. |
| format | Article |
| id | doaj-art-b724b121dded447e9fc320752e1a9b18 |
| institution | Kabale University |
| issn | 2591-2240 2591-2259 |
| language | English |
| publishDate | 2016-06-01 |
| publisher | University of Ljubljana Press (Založba Univerze v Ljubljani) |
| record_format | Article |
| series | Central European Public Administration Review |
| spelling | doaj-art-b724b121dded447e9fc320752e1a9b182025-01-22T10:51:53ZengUniversity of Ljubljana Press (Založba Univerze v Ljubljani)Central European Public Administration Review2591-22402591-22592016-06-01142-310.17573/ipar.2016.2-3.10Main Reasons for the Transformation of Mandatory Hungarian Private Pension FundsPeter Novoszath0National University of Public Service, BudapestThe main purpose of writing this paper was to provide a clear summary of the main facts and motives of restructuring the financing of Hungarian social security system which has been in process since 2010. One of the main lessons learned from the development of the Hungarian pension system so far is that the mandatory private pension funds working on the basis of a funded scheme were not able to solve the problems whose solution they were established for. In addition, they caused further problems.https://journals.uni-lj.si/CEPAR/article/view/20445budgetary deficitEU’s Stability and Growth PactHungarian pension reformmandatory private pension systempublic debt |
| spellingShingle | Peter Novoszath Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds Central European Public Administration Review budgetary deficit EU’s Stability and Growth Pact Hungarian pension reform mandatory private pension system public debt |
| title | Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds |
| title_full | Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds |
| title_fullStr | Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds |
| title_full_unstemmed | Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds |
| title_short | Main Reasons for the Transformation of Mandatory Hungarian Private Pension Funds |
| title_sort | main reasons for the transformation of mandatory hungarian private pension funds |
| topic | budgetary deficit EU’s Stability and Growth Pact Hungarian pension reform mandatory private pension system public debt |
| url | https://journals.uni-lj.si/CEPAR/article/view/20445 |
| work_keys_str_mv | AT peternovoszath mainreasonsforthetransformationofmandatoryhungarianprivatepensionfunds |