In a significant move, the Knesset's Labor and Welfare committee has given the green light for certain IDF retirees to halt ongoing monthly repayments on loans taken out against their pensions.
According to the actuarial report, starting in 2030, a partial early fund redemption will be implemented, and it is projected to be depleted by 2036.
The committee is being formed as part of budget deliberations among Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant, and Smotrich.
More than a million senior citizens receive a pension and still over 205,000 recipients need supplementary income.
There are close to 10,000 Holocaust survivors living in Jerusalem. Do they go hungry? If so, who is responsible for that shameful situation?
If the upcoming state budget doesn't include a line for small businesses, it will echo and trickle down for generations, Lahav's president said.
Movers and shakers in Israeli society.
Gideon Yardeni, Bank Hapoalim pension advisor and retirement planner, discusses practical tips for pension planning with Tamar Uriel-Beeri, Managing Editor of jpost.com.
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