29/03/2024 6:25 AM

Tartufocracia

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State’s unfunded pension debt exceeds trillion shekels

The defense establishment is liable for 38% of the actuarial credit card debt, with NIS 389 billion owed to occupation personnel.

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The State of Israel’s motivation to folks with unfunded pensions has exceeded one particular trillion shekels, and stood at NIS 1,014 billion at the end of 2021, up NIS 90 billion in 1 12 months. The figures are from the economical reviews for 2021 produced today by the Accountant General at the Ministry of Finance. The defense establishment is liable for 38% of the actuarial debt, with NIS 389 billion owed to vocation staff.

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

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Unfunded pension preparations have not been specified to new hires for the previous 20 years, but almost fifty percent these entitled to such pensions (43%) are nevertheless used by the point out.

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Of the defense establishment pensioners, 25% acquire monthly pensions below NIS 8,814. 50% acquire about NIS 12,838, with the greatest 25% getting around NIS 17,707 month to month.

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Revealed by Globes, Israel enterprise 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 rating: Israel Democracy Institute