State’s unfunded pension debt exceeds trillion shekels
The protection institution is responsible for 38% of the actuarial financial debt, with NIS 389 billion owed to job personnel.


The Point out of Israel’s determination to people today with unfunded pensions has exceeded 1 trillion shekels, and stood at NIS 1,014 billion at the finish of 2021, up NIS 90 billion in just one 12 months. The figures are from the monetary studies for 2021 launched today by the Accountant General at the Ministry of Finance. The defense establishment is responsible for 38% of the actuarial financial debt, with NIS 389 billion owed to career staff.

29% of the unfunded pensions are for instructors and lecturers, 18% for law enforcement and prison support staff, and 14% for civil servants.

Unfunded pension preparations have not been presented to new hires for the earlier 20 a long time, but almost half people entitled to these kinds of pensions (43%) are still utilized by the condition.

Of the protection establishment pensioners, 25% acquire month-to-month pensions down below NIS 8,814. 50% receive in excess of NIS 12,838, with the optimum 25% receiving over NIS 17,707 every month.

Posted by Globes, Israel organization information – en.globes.co.il – on June 30, 2022.

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



Avigdor Liberman credit history: Israel Democracy Institute
