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.

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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...