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


The State of Israel’s determination to folks with unfunded pensions has exceeded a single trillion shekels, and stood at NIS 1,014 billion at the close of 2021, up NIS 90 billion in one particular 12 months. The figures are from the fiscal reports 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 jail services staff, and 14% for civil servants.

Unfunded pension arrangements have not been given to new hires for the earlier twenty many years, but almost half all those entitled to these kinds of pensions (43%) are continue to used by the condition.

Of the protection institution pensioners, 25% obtain regular monthly pensions below NIS 8,814. 50% obtain more than NIS 12,838, with the maximum 25% acquiring around NIS 17,707 month-to-month.

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
