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


The State of Israel’s dedication to people with unfunded pensions has exceeded just one trillion shekels, and stood at NIS 1,014 billion at the conclude of 2021, up NIS 90 billion in a person year. The figures are from the economical studies for 2021 launched these days by the Accountant Normal at the Ministry of Finance. The protection establishment is dependable for 38% of the actuarial debt, with NIS 389 billion owed to career staff.

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

Unfunded pension arrangements have not been offered to new hires for the earlier twenty a long time, but virtually 50 percent those entitled to this sort of pensions (43%) are nonetheless employed by the state.

Of the protection establishment pensioners, 25% acquire monthly pensions beneath NIS 8,814. 50% acquire around NIS 12,838, with the optimum 25% acquiring over NIS 17,707 monthly.

Published by Globes, Israel business enterprise information – en.globes.co.il – on June 30, 2022.

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



Avigdor Liberman credit score: Israel Democracy Institute
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