Economy
Report: Israel second in decade-long pension returns in OECD data
According to reporting on an OECD report, Israel ranks second among the organization's countries in pension providers' average real returns over the decade reviewed, about 5.5% annually after investment expenses. The report also notes broad participation and relatively low dependence on the state budget. These are historical pension-system figures, not guaranteed returns for savers. Photo: Chaim Goldberg / Flash 90, archive.
· Photo: Chaim Goldberg / Flash 90, archive
According to Walla's reporting on an OECD pension report, Israeli pension providers' average real return over the decade reviewed was about 5.5% a year, after investment expenses.
The report places Israel second among OECD countries on this return measure and also notes widespread participation in pension saving and relatively low dependence on the state budget. These are pension-system indicators, rather than a general ranking of Israel's economy.
The Capital Market Authority welcomed the figures. According to the report, commissioner Amit Gal emphasized the savings system's resilience and protection of public assets. The figures are presented here on the basis of reporting on the study; the original report was not read separately during this review.
The returns are historical averages for the period examined, rather than guaranteed returns for any individual saver or a forecast of future performance.
Source: Walla
