State’s unfunded pension debt exceeds trillion shekels

[ad_1]

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

The State of Israel’s commitment to people with unfunded pensions has exceeded one trillion shekels, and stood at NIS 1,014 billion at the end of 2021, up NIS 90 billion in one year. The figures are from the financial reports for 2021 released today by the Accountant General at the Ministry of Finance. The defense establishment is responsible for 38% of the actuarial debt, with NIS 389 billion owed to career personnel.

Russian finance ministry plans to resume OFZ bond auctions in September

29% of the unfunded pensions are for teachers and lecturers, 18% for police and prison service personnel, and 14% for civil servants.

Unfunded pension arrangements have not been given to new hires for the past twenty years, but almost half those entitled to such pensions (43%) are still employed by the state.

Of the defense establishment pensioners, 25% receive monthly pensions below NIS 8,814. 50% receive over NIS 12,838, with the highest 25% receiving over NIS 17,707 monthly.

Published by Globes, Israel business news – en.globes.co.il – on June 30, 2022.

Avigdor Liberman credit: Israel Democracy Institute

[ad_2]

Source link

Tags: American Express Business Cards, Att Business Customer Service, Att Business Internet, Att Business Login, Bad Business Codes, Bank Of America Small Business, Buffalo Business First, Business Administration Jobs, Business Administration Salary, Business Analyst Jobs, Business Card Dimensions, Business Casual Female, Business Casual For Women, Business Casual Women Outfits, Business Ideas 2021, Business Letter Example, Business License California, Business Name Search, Business Process Reengineering, Business Proposal Template, Buy A Business, Card For Business, Chase For Business, Chase Ink Business Card, Columbia Business School, Costco Business Center San Jose, Emirates Business Class, Facebook Business Account, Fictitious Business Name, Florida Business Entity Search, Ga Sos Business Search, Georgia Business Search, Google Business Email, Houston Business Journal, Illinois Business Search, Instagram Business Account, Is Lularoe Still In Business, London Business School, Master Of Business Administration, Men'S Business Casual, Pittsburgh Business Times, Qualified Business Income Deduction, Sacramento Business Journal, Secured Business Credit Card, Standard Business Card Size, T Mobile Business, Texas Business Search, Tië³´o The Business, Top Business Schools In Us, Types Of Business

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

Related Posts: