ANALYSIS REGARDING THE ISRAELI PENSION FUNDS SYSTEM

Mariana Popa and Paul Tanasescu ()

Theoretical and Applied Economics, 2008, vol. 11(528)(supplement), issue 11(528)(supplement), 124-133

Abstract: In this work, we made a presentation regarding to the Israeli pension system which was deeply reformed by passing it from a system based on Defined Benefits with huge actuarial deficits to a system based on Defined Contribution actuarial balanced. One of the major by products of this reform is the concentration of the pension market in the hands of three pension funds which together control more than 85% of the market. The reform established new high standards of transparency, company governance and risk management. This presentation is an historical overview of the Israeli pension system reform from their establishement until the end of year 2005, of factors who launched the Israeli pension system reform, of reform involvement, of way of regulation and supervision of the system. This presentation include also an overview of the Israeli pension fund market at the end of year 2005 about: types of the Israeli pension funds, the differences between old pension funds and new pension funds, pension fund's portfolio, investment, actuarial surplus and actuarial deficit.

Keywords: pension funds; other private financial institutions; retirement; retirement policies; personal income; consumption, saving; portfolio choice, investment decisions. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:124-133

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