President signs constitutional amendment on retirement rules

Budapest, June 10 (MTI) – President Pal Schmitt on Friday signed a constitutional amendment which paves the way for a law restricting state benefits and scrapping pensions for people taking early retirement, the president’s office told MTI in a statement on Friday.  

The statement cites the president as saying that steps were needed to ensure a sustainable pension system.


It adds that Schmitt has sent a letter to the Speaker of Parliament, calling on lawmakers to pass a law whose content is based on social agreement while taking into account career models and the individual circumstances of those affected by the law, so that social rights prevail.