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Theory and practice in the design of pension systems: The case of Israel

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Examines the options for a pension system in Israel in comparison with other pension systems in developed countries. A basic actuarial model is calculated for the evaluation of the feasible funded pensions. For reasonably conservative rates of return and contribution rates a funded system can be maintained. Employs the conceptual framework to analyse proposals for the reform of the pension system. Suggests that a funded pension is preferable.
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Keywords: Israel; Models; Pensions

Document Type: Research Article

Publication date: August 1, 1995

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