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The protection establishment is responsible for 38% of the actuarial financial debt, with NIS 389 billion owed to job personnel.

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The Point out of Israel’s determination to folks with unfunded pensions has exceeded a person trillion shekels, and stood at NIS 1,014 billion at the stop of 2021, up NIS 90 billion in just one yr. The figures are from the economic experiences for 2021 released today by the Accountant Common at the Ministry of Finance. The protection institution is responsible for 38% of the actuarial personal debt, with NIS 389 billion owed to career personnel.

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29% of the unfunded pensions are for academics and lecturers, 18% for law enforcement and prison company staff, and 14% for civil servants.

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Unfunded pension arrangements have not been provided to new hires for the past twenty a long time, but virtually fifty percent people entitled to such pensions (43%) are still used by the condition.

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Of the defense establishment pensioners, 25% receive regular pensions underneath NIS 8,814. 50% get in excess of NIS 12,838, with the maximum 25% acquiring over NIS 17,707 regular monthly.

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Published by Globes, Israel organization 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 history: Israel Democracy Institute

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