The Importance of the Wage Guarantee Fund in the Framework of Labour Law Protection

Act LXVI of 1994 on the Wage Guarantee Fund. (hereinafter: the Wage Guarantee Act) and the guarantee system regulated by it, is especially topical nowadays, as more and more employers in Hungary have become and become insolvent in connection with  the crisis caused by the coronavirus epidemic. In many cases, the employers subject to the procedure are not able to meet their wage obligations to their employees, so the state must guarantee the values ​​that can be expressed in exact monetary terms - the work performed and its  financial compensation - and at the same time the social security of employees. In the present study, we examine the applicability of the Wage Guarantee Fund, which serves to cover the wages to be paid by insolvent employers, from the perspective of the social security and the enforcement of employees' claims.