Want to be a millionaire? Retire from the Israeli army
Pensions of ex-defense workers are three, five and even 10 times higher than those of the average Israeli, with many ex-soldiers and defense workers raking in millions a year after retiring.
As hundreds of thousands of Israelis are bracing for the impending cuts in the 2013-2014 budget, and watching with horror as tycoons perform their haircuts in the capital markets, some market sectors are not that troubled. Their salaries and pensions are disconnected from millions of other employees in the workforce. One of the largest of these groups is retirees from the defense establishment, and from the army...
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