Approved: Veterans’ Pensions Tied to CPI

The Knesset’s Labor, Health and Welfare Committee has approved for a second and third reading a bill that would tie IDF pensions to the Consumer Price Index. The bill was combined with a proposal put forth by committee head MK Chaim Katz.

The change would cost an estimated billion shekels per year, in addition to a one-time payment of 2.5 billion shekels.

Pensions earned by state workers, police officers and Prison Services workers have already been tied to the CPI.