Finance Ministry promises: the state will not touch Israelis' pensions

The Israeli Ministry of Finance stated that it does not plan to use 30 billion shekels from the guaranteed return reserve of pension funds, refuting concerns raised in a publication by Calcalist.

The Israeli Ministry of Finance stated on Monday, November 9, that it does not plan to use 30 billion shekels accumulated under the guaranteed return mechanism of pension funds. This statement was a response to a publication by Calcalist, which expressed concerns that the next government might divert these funds to cover the budget deficit and finance growing expenses. The Ministry emphasized that the guaranteed return mechanism is an important tool and that no changes are planned. It clarified that the reserve consists of state surplus funds, not citizens' personal pension savings. According to Calcalist, the total cost of the war on all fronts has reached approximately 405 billion shekels, and the debt-to-GDP ratio in 2026 has risen to about 68%. For now, these are only market participants' concerns, and the Ministry has denied the possibility of using the reserve.