Pension reform in Israel under mandatory pension law

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

This study proposes pension reform in Israel under legislation of a mandatory pension law covering all workers by funded pension plans. Referring to a mandatory pension coverage law rather than a national pension implies that pensions are paid by private entities and are not part of the government system. The rate of ageing of Israel's population is slower than most of the Western world, and this opens a demographic window of opportunity to savings for funded pensions. The proposed reform aims to promote greater social equality as well as transparency. New data and actuarial calculations are presented, as well as estimates of the budgetary expenses, to substantiate the claim that such legislation is needed.

Original languageEnglish
Pages (from-to)4-13
Number of pages10
JournalPensions
Volume14
Issue number1
DOIs
StatePublished - 1 Feb 2009

Keywords

  • Ageing population
  • Demographic window of opportunity
  • Funded pension plans
  • Mandatory pension coverage law

Fingerprint

Dive into the research topics of 'Pension reform in Israel under mandatory pension law'. Together they form a unique fingerprint.

Cite this