Author Topic: Hungary declares end to private pensions  (Read 781 times)

Offline SuperDuty

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Hungary declares end to private pensions
« on: February 02, 2011, 07:57:30 AM »
http://finance.yahoo.com/news/Hungarys-premier-declares-end-apf-2328957951.html?x=0

"...the ongoing transfer of funds from private pension plans to the state -- estimated at around 3 trillion forints (euro10.1 billion, $15.3 billion) -- is needed to save Hungary's state pension system from collapse and tackle the country's debt, its "enemy number one.""