New Provisions On The Hungarian State Treasury

In November 2017 a new government decree entered into force on the status, organisation and tasks of the Hungarian State Treasury (Treasury).

As of 31 October 2017 in the new governmental organisational structure the National Pension Insurance Agency terminated with succession by merging to the Treasury. As a result, in addition to the central body of the Treasury, it has currently an entity with special competence, i.e. the Pension Paying Agency (Magyar Államkincstár Nyugdíjfolyósító Igazgatóság in Hungarian). Now the Treasury also performs tasks relating to the pension insurance and other benefits, for example planning, management and reporting obligations in connection with the Pension Insurance Fund.