Bank of Israel study reviews success of new pension scheme

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A Bank of Israel study, published on Tuesday, shows that a law requiring employers to issue pension plans for workers led to a significant increase in savings contributions.

Adi Brender, the paper's author, examines the behaviour of workers and their employers in response to the implementation of a mandatory pension arrangement in 2008 by measuring changes in the provision of salaries to pension savings.

On July 19, 2007, a collective agreement was signed by the New General Worker's Union

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