September 25, 2022

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Avigdor Liberman  credit: Israel Democracy Institute

State’s unfunded pension debt exceeds trillion shekels

The defense institution is dependable for 38% of the actuarial personal debt, with NIS 389 billion owed to profession personnel.

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The Condition of Israel’s motivation to men and women with unfunded pensions has exceeded one trillion shekels, and stood at NIS 1,014 billion at the conclusion of 2021, up NIS 90 billion in one particular year. The figures are from the monetary reviews for 2021 launched these days by the Accountant Typical at the Ministry of Finance. The protection establishment is responsible for 38% of the actuarial financial debt, with NIS 389 billion owed to vocation personnel.

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

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Unfunded pension preparations have not been specified to new hires for the past 20 yrs, but just about fifty percent those entitled to this sort of pensions (43%) are nevertheless used by the state.

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Of the defense establishment pensioners, 25% obtain regular pensions underneath NIS 8,814. 50% acquire around NIS 12,838, with the optimum 25% acquiring in excess of NIS 17,707 regular monthly.

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

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

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Avigdor Liberman  credit: Israel Democracy Institute

Avigdor Liberman credit score: Israel Democracy Institute