State’s unfunded pension debt exceeds trillion shekels
The defense establishment is accountable for 38% of the actuarial debt, with NIS 389 billion owed to profession staff.


The State of Israel’s motivation to folks with unfunded pensions has exceeded a person trillion shekels, and stood at NIS 1,014 billion at the finish of 2021, up NIS 90 billion in one yr. The figures are from the economical experiences for 2021 unveiled now by the Accountant Typical at the Ministry of Finance. The protection institution is liable for 38% of the actuarial credit card debt, with NIS 389 billion owed to occupation personnel.

29% of the unfunded pensions are for instructors and lecturers, 18% for law enforcement and jail assistance personnel, and 14% for civil servants.

Unfunded pension preparations have not been specified to new hires for the earlier twenty many years, but almost half these entitled to these types of pensions (43%) are continue to employed by the condition.

Of the defense establishment pensioners, 25% acquire regular monthly pensions below NIS 8,814. 50% acquire about NIS 12,838, with the optimum 25% getting about NIS 17,707 regular.

Posted by Globes, Israel business news – en.globes.co.il – on June 30, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Avigdor Liberman credit rating: Israel Democracy Institute
