So Far 186,000 Avail Of “Women 40” Early Retirement Rules

  • 25 Jan 2017 9:40 AM
So Far 186,000 Avail Of “Women 40” Early Retirement Rules
Some 186,000 Hungarian women have participated in a programme dubbed “Women 40”, introduced in 2011, allowing them to retire early, with a full pension, after 40 years in the workforce, the state secretary for family affairs said on Tuesday.

About 46,000 of those women have now passed retirement age, Katalin Novák told a press conference.

Women are allowed to apply up to eight years of child-leave toward reaching the 40-year threshold.

Last year’s budget allocated about 200 billion forints (EUR 640m) for pensions for the early retirees in the “Women 40” scheme, she said.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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