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The Ministry of Finance is seeking to refresh the ranks of Israel's senior civil servants. For the first time, it is offering a NIS 250,000 bonus to senior civil servants aged 55-65 and with at least 12 years in their current position or at least 12 years in similarly ranked positions who take early retirement. The offer is for senior civil servants working under personal contracts, rather than through collective agreements and are therefore eligible for budget-financed pensions.
The ministry is offering the plan to the first 60 senior civil servants who apply for it by June 30. The retirements will take effect by June 2013.
To encourage the senior civil servants, the Ministry of Finance hired the consultancy firm Ethics Ltd. to provide the civil servants with information about their rights and payments should they retire. The senior civil servants can schedule a discrete personal meeting for obtaining the relevant information, including tax planning and tax alternatives.
Senior Ministry of Finance officials today promised that the measure was not intended to save money, but to refresh the ranks. It promises that the positions vacated with not be voided, but will be filled by new and younger civil servants.
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