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


The State of Israel’s dedication to individuals with unfunded pensions has exceeded a person trillion shekels, and stood at NIS 1,014 billion at the stop of 2021, up NIS 90 billion in 1 year. The figures are from the fiscal reviews for 2021 released nowadays by the Accountant General at the Ministry of Finance. The defense establishment is accountable for 38% of the actuarial debt, with NIS 389 billion owed to occupation personnel.

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

Unfunded pension preparations have not been specified to new hires for the past 20 decades, but virtually 50 % those entitled to this sort of pensions (43%) are even now used by the condition.

Of the protection establishment pensioners, 25% obtain monthly pensions down below NIS 8,814. 50% get over NIS 12,838, with the best 25% obtaining over NIS 17,707 regular monthly.

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

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



Avigdor Liberman credit score: Israel Democracy Institute