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


The Condition of Israel’s commitment to individuals with unfunded pensions has exceeded a person trillion shekels, and stood at NIS 1,014 billion at the stop of 2021, up NIS 90 billion in a person yr. The figures are from the fiscal experiences for 2021 introduced these days by the Accountant Standard at the Ministry of Finance. The defense establishment is liable for 38% of the actuarial financial debt, with NIS 389 billion owed to job staff.

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

Unfunded pension preparations have not been provided to new hires for the past 20 many years, but just about 50 percent people entitled to these kinds of pensions (43%) are nonetheless utilized by the point out.

Of the protection institution pensioners, 25% obtain monthly pensions down below NIS 8,814. 50% acquire above NIS 12,838, with the optimum 25% getting around NIS 17,707 regular monthly.

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

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



Avigdor Liberman credit history: Israel Democracy Institute
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