The protection institution is liable for 38% of the actuarial financial debt, with NIS 389 billion owed to job staff.

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The State of Israel’s commitment to folks with unfunded pensions has exceeded just one trillion shekels, and stood at NIS 1,014 billion at the close of 2021, up NIS 90 billion in just one 12 months. The figures are from the monetary reports for 2021 produced currently by the Accountant Normal 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 teachers and lecturers, 18% for police and jail services personnel, and 14% for civil servants.

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Unfunded pension arrangements have not been presented to new hires for the previous 20 many years, but nearly 50 percent all those entitled to these kinds of pensions (43%) are continue to used by the condition.

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Of the defense establishment pensioners, 25% obtain regular monthly pensions beneath NIS 8,814. 50% acquire more than NIS 12,838, with the highest 25% receiving more than NIS 17,707 regular.

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Posted 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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Avigdor Liberman  credit: Israel Democracy Institute

Avigdor Liberman credit score: Israel Democracy Institute



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