December 4, 2022

The Domestikated Life

One Passion

State’s unfunded pension debt exceeds trillion shekels

The defense institution is accountable for 38% of the actuarial credit card debt, with NIS 389 billion owed to profession staff.

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The State of Israel’s commitment to people today 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 a single year. The figures are from the money reports for 2021 unveiled right now by the Accountant Typical at the Ministry of Finance. The protection establishment is responsible for 38% of the actuarial personal debt, with NIS 389 billion owed to vocation staff.

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

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Unfunded pension arrangements have not been specified to new hires for the previous 20 a long time, but almost half those entitled to this kind of pensions (43%) are nonetheless utilized by the point out.

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Of the defense institution pensioners, 25% receive month to month pensions underneath NIS 8,814. 50% obtain in excess of NIS 12,838, with the optimum 25% acquiring more than NIS 17,707 month-to-month.

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Posted by Globes, Israel enterprise 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 rating: Israel Democracy Institute