Oppostion leader Shelly Yacimovich on Sunday demanded that Knesset Speaker Yuli
Edelstein empower an investigative committee to deal with pension issues, and
suggested that Welfare Minister Chaim Katz head it up.
savings of Israel’s citizens faces a crisis of the utmost seriousness,” she
wrote. “Demographic factors, macroeconomic factors, government policy and many
other factors created a situation in which it is already clear that pension
savings of the nation’s citizens will not be enough for them when they
Yacimovich said a parliamentary committee could properly debate
the issue and come up with a solution preferable to the one proposed by the
A week earlier, Oded Sarig, director of the capital markets,
insurance and savings division at the Finance Ministry unveiled a plan to reduce
interest rates on pension accounts matching them to the lowest prevailing market
rates, though Finance Minister Yair Lapid said that the decision was not
Lapid reassured his supporters in a lengthy email on Saturday
night that he would consider how to move forward carefully.
“I open the
newspaper and read that I have decided to cut pensions 10 percent. I’m appalled.
There was never any such decision, there is no such decision,” he
“This was a notice sent out from the capital markets division
dealing with the need to take care of the difference in interest rates,” he
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