Pensions
Despite the recent reform of the public sector pension system there
remains limited access to pension funds for the Palestinian private sector. The
establishment of a private sector pension fund would help secure the financial future
of retirees, inject long-term capital into the market and stimulate economic growth.
In 2007, The Portland Trust commissioned Levant Consulting to outline the options for a modern
Palestinian private pensions system. Following the publication of its consultation
paper in August 2007, we worked with public and private stakeholders to formulate
draft legislation to allow for the establishment of a new private pension system in the
Palestinian Territory. The draft legislation was submitted to the Palestinian Prime
Minister in January 2008. We are now consulting closely with the private sector,
banks, insurance companies and unions to finalise the details of the legislation.
To view the study, click here.
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