In recent years, the adequacy of benefit levels and the cost of funding have become prominent issues in the national press and expression of public opinion. New regulations introduced in 1995 represent major pension reform in Israel.  These reforms touch on major issues which include:

extensive actuarial deficits in well-established pension funds (closed 1994)
adequacy of contribution rates
ndiscriminatory practice within old pension funds (closed 1994) benefiting selected membership groups
nequalization of pension rights for men and women
status of industry-wide wage agreements vis-a-vis pension funde membership