State’s unfunded pension debt exceeds trillion shekels
The defense institution is liable for 38% of the actuarial personal debt, with NIS 389 billion owed to vocation staff.


The Condition of Israel’s dedication to individuals with unfunded pensions has exceeded just one trillion shekels, and stood at NIS 1,014 billion at the end of 2021, up NIS 90 billion in 1 yr. The figures are from the fiscal experiences for 2021 unveiled now by the Accountant Normal at the Ministry of Finance. The defense institution is dependable for 38% of the actuarial personal debt, with NIS 389 billion owed to vocation personnel.

29% of the unfunded pensions are for instructors and lecturers, 18% for police and prison company staff, and 14% for civil servants.

Unfunded pension preparations have not been presented to new hires for the earlier 20 yrs, but just about fifty percent those people entitled to these types of pensions (43%) are nonetheless used by the condition.

Of the protection establishment pensioners, 25% acquire every month pensions underneath NIS 8,814. 50% get more than NIS 12,838, with the greatest 25% acquiring about NIS 17,707 month-to-month.

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

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



Avigdor Liberman credit history: Israel Democracy Institute
