State’s unfunded pension debt exceeds trillion shekels

The Condition of Israel’s determination to men and women with unfunded pensions has exceeded one particular trillion shekels, and stood at NIS 1,014 billion at the stop of 2021, up NIS 90 billion in one particular yr. The figures are from the money reviews for 2021 introduced these days by the Accountant Basic at the Ministry of Finance. The defense establishment is liable for 38% of the actuarial credit card debt, with NIS 389 billion owed to job staff.

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

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Unfunded pension arrangements have not been given to new hires for the earlier twenty many years, but nearly fifty percent people entitled to such pensions (43%) are nonetheless used by the state.

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Of the defense institution pensioners, 25% receive month-to-month pensions under NIS 8,814. 50% receive over NIS 12,838, with the best 25% receiving over NIS 17,707 regular monthly.

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Printed by Globes, Israel business 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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