Pensions

Done well, establishing a sustainable, comprehensive pension system for private sector employees in Palestine, which does not exist today, would be one of the most beneficial interventions for the wellbeing and long-term financial benefit of Palestinian workers and the elderly, and also for the Palestinian economy generally. 

In addition to providing much-needed security for individual Palestinians and their families, a stable solid private pension system will boost financial market development, help reduce budget deficits, encourage long-term saving and build, over time, a domestic capital stock for long-term infrastructure projects and other investments. A pilot for this pension scheme, focusing on informal workers, is being rolled out in 2025. As a part of this innovative voluntary scheme up to 5,000 Palestinians will have access to secure pensions entirely under their own control, unique in Palestine. Aspirations for a larger scale system will flow from there.