Old Pension Funds assets up 17%

The total assets of the funds grew 17.2 percent to NIS 127 billion, while combined obligations rose 14% to NIS 202.3b. for the year.

By AVI KRAWITZ
August 14, 2006 08:30

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Old Pension Funds, a group of eight funds under the same management, said Sunday its deficit of assets over obligations diminished in 2005 as government assistance and investments made by the funds during the year bore fruit. The total assets of the funds grew 17.2 percent to NIS 127 billion, while combined obligations rose 14% to NIS 202.3b. for the year. The funds also attributed the growth in asset value to its method of valuating non-tradeable assets and its use of assets. In accordance with the law governing the pension funds, the Old Pension Funds have received NIS 6.5b. of the NIS 89.5b. of Government assistance due it.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS