State’s unfunded pension debt exceeds trillion shekels

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The protection established order is accountable for 38% of the actuarial debt, with NIS 389 billion owed to occupation workforce.


The State of Israel’s dedication to other folks with unfunded pensions has exceeded a thousand billion shekels, and stood at NIS 1,014 billion on the finish of 2021, up NIS 90 billion in 12 months. The figures are from the monetary reviews for 2021 launched as of late via the Accountant Normal on the Ministry of Finance. The protection established order is accountable for 38% of the actuarial debt, with NIS 389 billion owed to occupation workforce.

29% of the unfunded pensions are for lecturers and academics, 18% for police and jail carrier workforce, and 14% for civil servants.

Unfunded pension preparations have now not been given to new hires for the previous 20 years, however nearly part the ones entitled to such pensions (43%) are nonetheless hired via the state.

Of the protection established order pensioners, 25% obtain per month pensions under NIS 8,814. 50% obtain over NIS 12,838, with the best 25% receiving over NIS 17,707 per month.

Printed via Globes, Israel trade information – en.globes.co.il – on June 30, 2022.

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



Avigdor Liberman  credit: Israel Democracy Institute

Avigdor Liberman credit score: Israel Democracy Institute



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