The state will spend NIS 871 million this year on paying pensions to former employees of the Mossad and the Shin Bet security service, according to budget data released by the Finance Ministry’s accountant general.
This year the state will pay out NIS 442 million to retirees of the Shin Bet, listed under the code name "Defense 1," and NIS 429 million to Mossad retirees ("Defense 2"), according to the data released late last week.
Pensions for both are paid entirely out of the state budget. Until a few years ago, government employees weren’t required to contribute to a pension fund.
The government is not divulging how many retirees will be receiving this sum, since that is considered classified information.
However, Finance Ministry data indicate that Mossad and Shin Bet employees who retired in 2012 were entitled, on average, to monthly pensions of NIS 17,000.
State-funded pensions for veterans of the secret services, like those for other retired government employees, have ballooned by dozens of percent in recent years.
In 2005, for instance, the state spent NIS 538 million on pensions for Mossad and Shin Bet retirees, meaning that the figure has jumped 60 percent in just eight years. The treasury predicts that state-funded pension payments will peak in 2036 and then gradually decline
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