The project supported by the EU, title Acceleration of the development of the Hungarian pension microsimulation model based on administrative data (Agreement ref. VS/2013/0132) lasted from Jun 1, 2013 to May 31, 2015. The project has been implemented by the Central Administration of National Pension Insurance of Hungary that was the beneficiary of the grant agreement.

The total income of the project was €269 052.04, the Union Grant was €215 241.63 and the beneficiary’s contribution was €53 810.41.

The approved main objectives of the project included the acceleration of development of the dynamic microsimulation pension forecast model named MIDAS_HU, as part of it

  • the preparation of administrative dataset which is easily accessible for analytical purposes;
  • the construction of modelpoints to facilitate the analytical and modelling activity;
  • the further development of the forecast tools; and
  • the public dissemination of the results of model and the project.

These objectives has been completed during the project, therefore

  • the historical dataset of acquisition of the pension rights and (from 2015) the benefit data has been accessible anonymously for modelling and analytical purposes;
  • the constructed modelpoints can support modelling of the whole population;
  • the new model elements constructed during the project included among others the new forecast method of pension right acquisition process, the possibility of analysis the effects on families (so called marriage market module) as well as the module which can simulate the pension calculation and payment processes;
  • the dissemination of the results has been supported by holding three workshops and some information material, in particular the preparation of the Manual of MIDAS_HU.

In addition, the project has resulted some added value. These include the possibility of analysis the most pension structures worldwide. The direct support of the governmental decision making process (not only by MIDAS_HU model) is also an important step forward. Moreover, the MIDAS_HU dynamic microsimulation model also supported the international comparative assessments using microsimulation methods and the cooperation of the experts from different countries.