Parl approves suspension of transfers to private pension funds
<p>Budapest, October 25 (MTI) - Parliament on Monday approved the government s motion on amending the social security law, allowing the suspension of state transfers to private pension funds for 14 months.</p>
The government explained the measure with the need to meet this year s budget deficit target of 3.8 percent of GDP without jeopardising the living standards of the people.
The motion was backed by the governing Fidesz-Christian Democratic party alliance and rejected by the opposition Politics Can Be Different. Radical nationalist Jobbik abstained from the vote while the Socialists walked out of the chamber beforehand.