Avigdor Liberman  credit: Israel Democracy Institute

State’s unfunded pension debt exceeds trillion shekels

The protection institution is accountable for 38% of the actuarial personal debt, with NIS 389 billion owed to job personnel.

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The Condition of Israel’s dedication to men and women with unfunded pensions has exceeded one particular trillion shekels, and stood at NIS 1,014 billion at the close of 2021, up NIS 90 billion in 1 12 months. The figures are from the monetary studies for 2021 launched now by the Accountant Common at the Ministry of Finance. The protection institution is responsible for 38% of the actuarial credit card debt, with NIS 389 billion owed to job personnel.

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

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Unfunded pension arrangements have not been provided to new hires for the previous 20 many years, but almost 50 percent people entitled to this kind of pensions (43%) are however utilized by the point out.

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Of the defense establishment pensioners, 25% acquire regular pensions down below NIS 8,814. 50% get more than NIS 12,838, with the best 25% obtaining about NIS 17,707 month to month.

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Posted by Globes, Israel business 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