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kkmarie

(184 posts)
2. Of course there's the scams
Sat Jun 7, 2025, 07:04 AM
Saturday

But I truly worry that the Krasnov regime will just start raiding our bank accounts.
Project 2025 is following many of Viktor Orbans steps into power. Taking the pensions, in control of the state, away from the people. Much like our social security, managed by the government.

Before Orbán came to power, Hungary had a hybrid pension system, with some funds kept in the state system, while a part of savers' pension pots was kept in private funds. Employers and workers made mandatory contributions to both.

Soon after he was elected in 2010, Orbán's government ended mandatory payments into the private funds and nationalised most of the money they contained. That effectively allowed the government to take €9.6 billion in private pension assets. Poland has since made a similar change to its pension system.

Economists and investors were alarmed at the Hungarian move, but the government softened the impact. It said savers could choose to stay in the private funds, although the mandatory contributions would not go to them.

https://www.euractiv.com/section/politics/news/hungarians-accuse-orban-of-stealing-their-pension-money/

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