State’s unfunded pension debt exceeds trillion shekels

The Condition of Israel’s motivation to folks with unfunded pensions has exceeded 1 trillion shekels, and stood at NIS 1,014 billion at the conclusion of 2021, up NIS 90 billion in 1 12 months. The figures are from the fiscal studies for 2021 introduced today by the Accountant General at the Ministry of Finance. The defense establishment is liable for 38% of the actuarial credit card debt, with NIS 389 billion owed to occupation personnel.

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

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Unfunded pension preparations have not been given to new hires for the earlier twenty yrs, but just about half these entitled to this sort of pensions (43%) are nonetheless employed by the point out.

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Of the defense institution pensioners, 25% acquire regular pensions under NIS 8,814. 50% get above NIS 12,838, with the highest 25% acquiring above NIS 17,707 month-to-month.

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

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

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