HONVD Military Pension Fund PROFESSIONAL FUND web www
”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Criteria’s of EU pension system – I. 1. ) Separation of the social discrimination (guarantee of the minimum pension level , risk of elderly poorness) 2. ) To keep life standard on the previous level (00 -70%, tax) 3. ) To help solidarity (solidarity between generations, solidarity between elderly people) 4. ) To increase the level of employment (the rate of economical suport) 5. ) Increase the years sent at work (no support for earlier retirement) 6. ) To keep the pension system and balance of the budget at the same time (GDP 10, 4 %) 7. ) Propotional changes of supply and allowance (so that it does not bother the active people, but to assure a good level of pension 8. ) To assuer a good level of private pension and financial stability (2. Increase the importance of the second COLLUMN 40 % /UK; NL/ ) 9. ) To adjust to a more flexible employment and career model (flexible labermarket and free movement between the member states) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Criteria’s of EU pension system – II. 10. ) To make equality between men and women (differences of pension levels, unisex rules) 11. ) The pension system should fit for all challenges (a turstful question transparency and stability) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Model of typical EU member state 1. 2. 3. COLLUMN: Compulsory state pension system COLLUMN : Compulsory or voluntary, the employee’s or your own pensional or financial system COLLUMN : Voluntary, supplementary, the employee’s or your own pensional or financial system ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Adventages of the fund membership • Voluntary: • Mandatory: • Employee fee - support • No additional expense, sent by the employee • Reduse of tax (eg. own payment) • The chance of supplementary benefit • Variaty of the taxfree timelimited service • Paying can be followed • The variations of timelimited services • The inheritable things • Possibility of getting a loan • The chance of getting creadit ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Main facts of establishment • 24 th of october 1994: 39 founder member established the ”HONVÉD” (Military) Pension Fund, Voluntary Section • 12 th of december 1997: The ”HONVÉD” Voluntary and Mandatory Section was established • 7 th of may 1998: The Mandatory Pension Fund got the licence ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
When ”HONVÉD” (Military) Pension Fund was ”HONVÉD”it (Military) web: www. hnyp. hu established, was Pension only Fund for Hugarian Defence Forces PROFESSIONAL FUND e-mail: hnyp@hnyp. hu personal.
Fund sort history HDF 1994. ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
The organization of the Pension Fund • Sent general assembly From July 2008 Voluntary section: 40 areas, 40 delegates, deputy delegate From all kinds of employees. Mandatory section: 38 areas, 38 delegates, deputy delegate From all kinds of employees. • Local voter essembly • The director’s council(11 people) • Board of inquiry (7 people) • Management and coordination office (28 people) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Number of delegates and area Voluntary Area Mandatory area num. Delegates, dep. Del. Capital 6 East Sum. Del. sum: area num. Delegates, dep. Del. area num. Delagates, dep Del. 18 6 18 12 36 36 17 51 15 45 32 96 96 West 12 36 24 72 72 Intelligence services 5 15 5 11 15 30 30 Sum total: 40 120 38 114 78 234 ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Delegates/employee PO-Police, LE-Law Enforcement, CM Crisis Management, INT Inteligence service, CS Customs Service Military PO LE CM INT CS Own Sum Person 111 31 40 9 14 2 11 228 % 49 14 17 4 10 1 5 100 ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Tasks of delegates • To keep a permanent contact with areas leaders and Fund leaders • To help Fund marketing activity in the area • To take part in a general assembly activity and give an information for a Fund members ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Trend of members (person) (2000 -2008) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Graduated voluntary members fee (from 01. /2009. ) Grade Functions Funds 0 -150. 000 Ft 95, 5 % 4, 5 % 150. 001 -250. 000 Ft 96, 5 % 3, 5 % 250. 000 -350. 000 Ft 97, 5 % 2, 5 % 350. 001 Ft - 98, 5 % 1, 5 % ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
FUND PROPERTY, INVESTMENT FUND Dicertor’s Council Management Hungarian Finacial Supervisory Authority Trustee (3) CONCORDE MKB Generali Deposit Bank RAIFFEISEN money ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND information web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Optional portfolio system (2008. 01. ) Classical portfolio ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Balanced portfolio ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Growth portfolio ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Trend of Fund Property (1995 -2007) (thousands Ft) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Average output of Funds voluntary section (2003 -2007) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Average output of Funds mandatory section (2003 -2007) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Fund Functional Facts (bil. Ft) Vol. Full payment (pention) 1, 1 bil. 3, 1 bil. (2007) Mand. Went backt to the state sys. 36 bil. Ft 1, 4 bil. Ft (2007) Members loan 312 pers. 55, 5 mil. Ft (2004) 837 pers. 219 mil. Ft (2007) Members deposit 48 pers 25, 8 mil. Ft (2006) 77 pers. 45 mil. Ft (2007) ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
Main tasks of the Fund’s future 2009 – To start the UNIT system and stabilize the proper function – New agreement and cooperation with Foreign trustee – Make a better investment result – 15 years anniversary 2009 – 2014 – Prepare a 5 year long business strategy – Increase the Fund investment results – Preparation for functional mandatory pention system (from 2013) – Plan for a Public Company conversation ”HONVÉD” (Military) Pension Fund PROFESSIONAL FUND web: www. hnyp. hu e-mail: hnyp@hnyp. hu
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