Until 2008 the pension provision in Israel was not anchored in law but was dependent on collective agreements and bargaining with the employer. This article, which was published in 2005, provided the basis for mandatory pension law legislation in Israel, establishing the claim with the help of actuarial calculations and findings from previous works. The article proposed a new computational framework for the pension plan, including the required actuarial work and an estimation for calculating the cost of mandatory pension as part of the country’s budget.

Published as part of a collection of essays. Economics and Society Program at the Van Leer Jerusalem Institute