Knesset Labor Committee: IDF capitalization pensioners no longer repay loans 'for life'

• Published date: 20 March 2024
• Author: EVE YOUNG
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

"Capitalization for Life," was a benefit offered to IDF pensioners that allowed them to receive a one-time payment of a percentage of their monthly pension. For many beneficiaries, this repayment was made over a certain amount of time, but for a group of 1,700, repayment was set to occur throughout their entire lives, even when the capitalization was repaid. For some, this means that they have repaid much more than the sum they received

Repayment stopping for over 70

Repayment will be stopped for pensioners over 70 who have repaid the full amount of their capitalization, the committee said.

"I took a capitalization of NIS 330,000 and repaid NIS 3,000 a month, taken from my pension," said an IDF pensioner in the committee...