Hungary lawmakers pass suspension of private pension transfers

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HUNGARY - Hungary's parliament has approved the suspension of social security payment transfers to private pension funds as the government seeks to meet a deficit goal approved by the nation's creditors.

Lawmakers voted late yesterday 250 votes to 11 against with 41 abstentions to approve the bill that will keep pension payments within the state budget from November 1 through the end of 2011. Pr...

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