State’s unfunded pension debt exceeds trillion shekels

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 close of 2021, up NIS 90 billion in a person 12 months. The figures are from the economical reviews for 2021 introduced these days by the Accountant Common at the Ministry of Finance. The protection institution is dependable for 38% of the actuarial financial debt, with NIS 389 billion owed to job personnel.

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29% of the unfunded pensions are for teachers and lecturers, 18% for law enforcement and jail support staff, and 14% for civil servants.

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Unfunded pension preparations have not been offered to new hires for the previous twenty years, but just about half people entitled to such pensions (43%) are nevertheless utilized by the point out.

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Of the defense institution pensioners, 25% acquire every month pensions below NIS 8,814. 50% get above NIS 12,838, with the greatest 25% obtaining about NIS 17,707 every month.

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Revealed by Globes, Israel company news – en.globes.co.il – on June 30, 2022.

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

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