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


The State of Israel’s motivation to individuals with unfunded pensions has exceeded one trillion shekels, and stood at NIS 1,014 billion at the stop of 2021, up NIS 90 billion in a single yr. The figures are from the economic studies for 2021 released nowadays by the Accountant Standard at the Ministry of Finance. The defense institution is responsible for 38% of the actuarial financial debt, with NIS 389 billion owed to profession staff.

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

Unfunded pension arrangements have not been specified to new hires for the earlier 20 decades, but almost half these entitled to such pensions (43%) are continue to used by the condition.

Of the protection institution pensioners, 25% receive regular pensions underneath NIS 8,814. 50% acquire above NIS 12,838, with the greatest 25% acquiring in excess of NIS 17,707 month-to-month.

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

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



Avigdor Liberman credit score: Israel Democracy Institute