Employee Benefits in Hungary 2021

The Hungarian social security system is based on the fundamental principle of solidarity, and both employers and employees contribute. Self-employed persons also make full contributions and are entitled to receive benefits under the system. In addition to the social security benefits, several benefits such as a supplementary pension, healthcare benefit, unemployment benefit, disability, and death benefits are provided by private employers in Hungary.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Hungary, including an overview of the state and compulsory benefits in Hungary, detailed information about the private benefits in Hungary, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Hungary.

Key Highlights

– The Ministry for National Economy (Nemzetgazdasági Minisztérium) administers the unemployment insurance system

– The National Health Insurance Fund (Országos Egészségbiztosítási Pénztár) administers cash sickness benefits (tappenz), maternity benefits (TGYAS) and child-care fee (GYED)

– Hungarian State Treasury (Magyar Államkincstár) is responsible for administering family allowance (csaladi potlek) and social childcare fee

– Hungary has a compulsory health care system and coverage is universal


This report provides a detailed analysis of employee benefits in Hungary –

– It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

– It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, long-term care benefits, leave and private benefits

– It highlights the economic and regulatory situations relating to employee benefits in Belgium

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in the country

– Assess employee benefits of the market, including state and compulsory benefits and private benefits

– Gain insights into the key employee benefit schemes offered by private employers in the country

– Gain insights into key organizations governing employee benefits market, and their impact on companies

Table of Contents

Table of Contents

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Hungary

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

6.1.1 Introduction

6.1.2 Eligibility

6.1.3 Benefits

6.1.4 Payment Options

6.1.5 Contributions

6.2 Death in Service

6.2.1 Introduction

6.2.2 Eligibility

6.2.3 Benefits

6.2.4 Payment Options

6.2.5 Contributions

6.3 Long-Term Disability Benefits

6.3.1 Introduction

6.3.2 Eligibility

6.3.3 Benefits

6.3.4 Payment Options

6.3.5 Contributions

6.4 Short-Term Sickness Benefits

6.4.1 Introduction

6.4.2 Eligibility

6.4.3 Benefits

6.4.4 Payment Options

6.4.5 Contributions

6.5 Medical Benefits

6.5.1 Introduction

6.5.2 Eligibility

6.5.3 Benefits

6.5.4 Payment Options

6.5.5 Contributions

6.6 Workmen’s Compensation Insurance

6.6.1 Introduction

6.6.2 Eligibility

6.6.3 Benefits

6.6.4 Payment Options

6.6.5 Contributions

6.7 Maternity and Paternity Benefits

6.7.1 Introduction

6.7.2 Eligibility

6.7.3 Benefits

6.7.4 Payment Options

6.7.5 Contributions

6.8 Other Benefits

6.8.1 Family Benefits

6.8.2 Long term care Benefits

6.8.3 Minimum Resources

6.8.4 Unemployment Benefits

6.8.5 Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental Death and Dismemberment Benefits

7.6 Other Benefits

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List of Tables

List of Tables

Table 1: Insurance Industry Definitions

Table 2: Hungary – Country Statistics

Table 3: Hungary – Pension (Based on Monthly Salary)

Table 4: Hungary – Pension Amounts (Percentage of Monthly Salary)

Table 5: Hungary – Pension (Based on Monthly Salary)

Table 6: Hungary – Disability Benefits

Table 7: Hungary – Family Allowance Per Month (2020)

Table 8: Hungary – Basic Leave

Table 9: Hungary – Additional Vacation Leaves

Table 10: Hungary-Public Holidays 2021

List of Figures

List of Figures

Figure 1: Hungary- Main Institutions of Social Security System


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