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


The Point out of Israel’s determination to men and women with unfunded pensions has exceeded a single trillion shekels, and stood at NIS 1,014 billion at the finish of 2021, up NIS 90 billion in one calendar year. The figures are from the money reports for 2021 launched right now by the Accountant Normal at the Ministry of Finance. The defense establishment is liable for 38% of the actuarial credit card debt, with NIS 389 billion owed to profession personnel.

29% of the unfunded pensions are for academics and lecturers, 18% for law enforcement and jail services personnel, and 14% for civil servants.

Unfunded pension arrangements have not been specified to new hires for the earlier 20 years, but pretty much 50 % these entitled to this sort of pensions (43%) are nonetheless used by the condition.

Of the defense institution pensioners, 25% receive month-to-month pensions below NIS 8,814. 50% acquire more than NIS 12,838, with the best 25% acquiring above NIS 17,707 month-to-month.

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

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



Avigdor Liberman credit rating: Israel Democracy Institute