The Ministry of Finance and defence have reached an agreement under which officers and warrant officers who have reached the age of demobilization (42 years for combat officers, and 53 years for warrant officers), will not receive an award in the amount of 12 salaries, which was credited to their retirement account.
The award was introduced in 2008 as compensation for the transfer of contract with the budgetary pension to the funded.
In addition, under the new agreement, the average pension from the military demobilization from the IDF before reaching retirement age will not exceed 12 thousand shekels per month. This is a budget pension and paid from state funds. Cumulative retired military will receive upon reaching the age of 67.