Are pension funds or keren hishtalmut funds likely to collapse as a result of the financial crisis?
There is no danger of provident funds collapsing due to the crisis. Provident funds are managed by the individual company as trust funds, which means that any debt obligations or collapse of the company will not put savings money at risk – by law these funds can not be confiscated or transferred. How does the collapse of foreign banks or companies affect my pension savings? Pension savings are invested in Israeli and foreign stocks. Today, about 10% of provident and pension funds assets are invested outside of Israel. According to an assessment by the Finance Ministry, the exposure of provident and pension fund assets to investment banks and other financial institutions abroad is very low. How can I find out where my provident fund is invested in? On the Finance Ministry’s Web site, Gemel Net (gemelnet.mof.gov.il), the segmentation and distribution of specific funds can be viewed and followed on a monthly basis. The information of data is presented according to different investment seg
