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[25WashIntlLJ0387] Don’t Count your Nest Eggs Before they Vest: A Lack of Reform Could Leave a Generation of Retiring Israelis Without a Future

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dc.contributor.author Vandsburger, Tomer
dc.date.accessioned 2016-04-25T16:48:59Z
dc.date.available 2016-04-25T16:48:59Z
dc.date.issued 2016-04
dc.identifier.citation 25 WASH. INT'L. L.J. 387 (2016) en_US
dc.identifier.issn 2377-0872
dc.identifier.uri http://hdl.handle.net/1773.1/1566
dc.description Washington International Law Journal, Volume 25, Number 2, April 2016 en_US
dc.description.abstract Abstract: Israel’s pension system has changed drastically since the mid- 1990s, when it faced an underfunding crisis. The transition to defined contribution plans permitted a wider range of investments and shifted the burden of income-replacement from the government to the individual pension plan participant. This shift required increased protections for pension plans, which led to the creation of the Capital Market Insurance and Savings Division (CMISD) to oversee and regulate pension management entities. In comparison to post-Soviet nations that experienced similar transitions from socialist to market economies, Israel’s pension system is significantly healthier and more regulated. However, the CMISD must enact measures to oversee the transition of funds from “old” to “new” pensions, reduce or eliminate the mandatory 30% investment in government bonds, and increase the accountability requirements for pension management entities and the organization itself. en_US
dc.language
dc.language.iso en_US en_US
dc.publisher Washington International Law Journal Association, University of Washington School of Law, Seattle, Washington en_US
dc.subject Comment en_US
dc.title [25WashIntlLJ0387] Don’t Count your Nest Eggs Before they Vest: A Lack of Reform Could Leave a Generation of Retiring Israelis Without a Future en_US
dc.title.alternative Don’t Count your Nest Eggs Before they Vest: A Lack of Reform Could Leave a Generation of Retiring Israelis Without a Future en_US
dc.type Article en_US
dc.rights.holder Compilation © 2016 Washington International Law Journal Association en_US


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