Mandatory pay-as-you-go defined benefit system with earnings-related public pensions. Replacement rates range from 33% for 10 years coverage to approximately 80% for 40+ years, providing moderate-to-good income replacement for long-term contributors.

Pension adequacy varies significantly by contribution history. Minimum pension of 28,500 HUF/month (unchanged since 2009) provides basic coverage, though supplementary private pensions are increasingly encouraged for above-average retirement income.

Universal healthcare system covers all legal residents including retirees. Public healthcare is funded through social security contributions, with quality care available, though private healthcare options exist for those seeking shorter wait times.