The effect of changes in life expectancy on pension plans in Israel

Conditional life expectancy of the elderly has increased in developed countries, including Israel, in the last few decades. For Israel, this development and government policies adopted in the last decades have undermined the public’s pension security. The most significant factor that currently affects the pension level is the low number of accrual years in pension savings, particularly for women, but also for men. The rise in conditional life expectancy makes it necessary to extend people’s working years by developing a labour market suited to the needs of the elderly population. Age-related affirmative action in occupations best suited to the elderly should be instituted through relevant legislation.