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


The Condition of Israel’s determination to persons with unfunded pensions has exceeded one particular 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 financial studies for 2021 launched right now 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 occupation personnel.

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

Unfunded pension preparations have not been supplied to new hires for the earlier twenty a long time, but virtually 50 % all those entitled to these kinds of pensions (43%) are nonetheless used by the condition.

Of the protection institution pensioners, 25% obtain every month pensions beneath NIS 8,814. 50% receive in excess of NIS 12,838, with the optimum 25% receiving more than NIS 17,707 month to month.

Released by Globes, Israel small business information – en.globes.co.il – on June 30, 2022.

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



Avigdor Liberman credit history: Israel Democracy Institute