State’s unfunded pension debt exceeds trillion shekels

Stahlman

The defense establishment is accountable for 38% of the actuarial credit card debt, with NIS 389 billion owed to career personnel.

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The Point out of Israel’s dedication to people today with unfunded pensions has exceeded one particular trillion shekels, and stood at NIS 1,014 billion at the conclusion of 2021, up NIS 90 billion in a single yr. The figures are from the monetary reports for 2021 produced right now by the Accountant Basic at the Ministry of Finance. The protection establishment is accountable for 38% of the actuarial credit card debt, with NIS 389 billion owed to occupation staff.

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

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Unfunded pension preparations have not been offered to new hires for the earlier twenty years, but pretty much 50 % those people entitled to these pensions (43%) are however utilized by the state.

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Of the protection institution pensioners, 25% acquire monthly pensions beneath NIS 8,814. 50% get around NIS 12,838, with the highest 25% obtaining more than NIS 17,707 month to month.

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Printed by Globes, Israel 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 score: Israel Democracy Institute

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