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Hungary: Pension system in 2008 The new system combines an earningsrelated public pension with mandatory fully funded defined‐contribution schemes. This applies to new labourmarket entrants and people aged 4 or under at the time of reform. Older workers could choose between this mixed system or a pure pay‐as‐you‐go, public pension. The modelling assumes that workers are covered by the mixed system.

Document Type: Review Article

Publication date: 2011-03-01

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