Yes, everlasting punishment never to rise to new spirit life forever and ever more.
Ecclesiastes 3:20 All go unto one place; all are of the dust, and all turn to dust "again".
Ecclesiastes 12: Then shall the dust return to the earth as it was: and the spirit (breath of life) shall return unto God who gave it.
The believer given a new incorruptible spirit will rise on the last day and live forever more. Death as to the letter of the law will also not rise to condemn another whole creation forever more. It as a done deal is tossed into the lake of fire
Somethings rise other do not.
Those verses do not say that those spirits will go to an everlasting punishment never to rise to new spirit life forever and ever more.
In fact,
Ecclesiastes 12 proves this in the verse you omitted before pasting verse 7.
5 they are afraid also of what is high, and terrors are in the way; the almond tree blossoms, the grasshopper drags itself along,[
a] and desire fails,
because man is going to his eternal home, and the mourners go about the streets.
6 before the silver cord is snapped, or the golden bowl is broken, or the pitcher is shattered at the fountain, or the wheel broken at the cistern, 7 and the dust returns to the earth as it was, and the spirit returns to God who gave it. 8 Vanity[
b] of vanities, says the Preacher; all is vanity.
Fear God and Keep His Commandments
9 Besides being wise, the Preacher also taught the people knowledge, weighing and studying and arranging many proverbs with great care. 10 The Preacher sought to find words of delight, and uprightly he wrote words of truth.
11 The words of the wise are like goads, and like nails firmly fixed are the collected sayings; they are given by one Shepherd. 12 My son, beware of anything beyond these.
Of making many books there is no end, and much study is a weariness of the flesh.
13
The end of the matter; all has been heard. Fear God and keep his commandments, for this is the whole duty of man.[
c] 14
For God will bring every deed into judgment, with[d] every secret thing, whether good or evil.
FOOTNOTES
The same with your pasting a singular verse from the Book of
Ecclesiastes chapter 3 In fact this chapter that precedes chapter 20 fleshes out the meaning in chapter 20 as to what is meant by vanities.
From Dust to Dust
16 Moreover, I saw under the sun that in the place of justice, even there was wickedness, and in the place of righteousness, even there was wickedness. 17 I said in my heart, God will judge the righteous and the wicked, for there is a time for every matter and for every work.
18 I said in my heart with regard to the children of man that God is testing them that they may see that they themselves are but beasts. 19 For what happens to the children of man and what happens to the beasts is the same; as one dies, so dies the other. They all have the same breath, and man has no advantage over the beasts, for all is vanity.[b] 20
All go to one place. All are from the dust, and to dust all return. 21
Who knows whether the spirit of man goes upward and the spirit of the beast goes down into the earth? 22 So I saw that there is nothing better than that a man should rejoice in his work, for that is his lot. Who can bring him to see what will be after him?
Footnotes
Works do not save. This we know. However, those who are in the Body of Christ, the Ekklesia, "Christians", will have the work they did in the service of the Almighty judged. As will every thought be, and every word be judged.
This is why there are so many verses that tell us to , in so many words, pun intended, watch our mouths.
What does it benefit us to use our tongue as a sword that strikes hate filled remarks toward someone we feel deserves them? Though not a physical assault, words none the less can cause pain.
Why would we want to do that to someone? When we are to be the example of the God that is Love?
And especially if and when we resort to such things in order to "win" an argument concerning our understanding of scripture?
Can we say we know what the words of God are saying when we use our words in defense of them in such ways?
Love one another! Love the Lord God with all your heart and mind. These are the two greatest commandments upon which all the law and the prophets hang.