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


The Condition of Israel’s dedication to people with unfunded pensions has exceeded 1 trillion shekels, and stood at NIS 1,014 billion at the stop of 2021, up NIS 90 billion in one calendar year. The figures are from the money reports for 2021 produced nowadays by the Accountant Common at the Ministry of Finance. The defense institution is accountable for 38% of the actuarial personal debt, with NIS 389 billion owed to vocation personnel.

29% of the unfunded pensions are for lecturers and lecturers, 18% for law enforcement and prison assistance personnel, and 14% for civil servants.

Unfunded pension arrangements have not been supplied to new hires for the previous twenty years, but nearly 50 % people entitled to this kind of pensions (43%) are nonetheless utilized by the point out.

Of the protection establishment pensioners, 25% obtain every month pensions down below NIS 8,814. 50% get around NIS 12,838, with the maximum 25% acquiring about NIS 17,707 regular monthly.

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

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



Avigdor Liberman credit rating: Israel Democracy Institute