Economy · Full coverage
Is Israel’s National Insurance Fund Too Generous? It Depends on the Benchmark
How 1 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · Jun 12, 2026
What happened
An analysis by Prof. Johnny Gal argues that Israel’s National Insurance Institute should be judged against different welfare-state models, not in isolation. He says the institute was founded in 1953 on the British Beveridge model, but its surplus funds were long used by the state for other purposes. The piece concludes that whether Israel is “too generous” depends on how its system compares with other countries.
- 01Israel’s welfare system is being compared with Beveridge and Bismarck models.
- 02Prof. Johnny Gal says the answer depends on the benchmark used.
- 03The National Insurance Institute was founded in 1953 on the British model.
- 04Gal says surplus NII money was often diverted to Treasury uses.
- 05Israel, Britain, and the U.S. rely more on occupational pensions than Europe.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 1 outlets
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