Israel Spends More Than NIS 72 Million on Security Service Retirees Each Month

State-funded pensions for all current and future state retirees are expected to cost the state a total of NIS 572 billion, says deputy finance minister.

Israel has 2,646 retirees who receive state-funded pensions of more than NIS 30,000 a month, Deputy Finance Minister Mickey Levy told the Knesset on Tuesday. Of them, about 2,400 were career officers in one of the security services – the army, police, Mossad or Shin Bet.