A new social security agreement by Australia and Hungary will come into force from 1st October 2012 , which was signed by Kevin Rudd and the Hungarian Foreign Minister (Dr János Martonyi) on 7th June 2011 in Budapest.
Australia has a number of formal social security agreements with a variety of countries. These agreements may help you continue to get social security entitlements when you move between agreement countries.
What this Social Security Agreement Between Hungary and Australia means ?
Like Social Security agreements with many other countries like UK and Australia , this agreement with Hungary will enable persons who lived in both countries to be able to claim a pension or benefit .
You can access the full document of the agreement over here at FAHCSIA
Minister for Community Services, Jenny Macklin, said the agreement gives people greater freedom to move between Australia and Hungary, knowing that their pension rights will be recognised and protected.
What is a social security agreement
A social security agreement co-ordinates the pension programs of two countries for people who have lived or worked in both countries. Social security agreements help people receive the benefits to which they are entitled.
Australia has 27 international social security agreements. In some instances you may be able to receive pensions from both countries, with each agreement country paying a part pension to you (if you have lived in both countries).
10 Australian Social Security Agreements
This part contains information on each of Australia’s social security agreements.
In this part
This part currently contains the following chapters:
Last reviewed: 7 June 2010
You can also find some more information the Australian human services website