Israeli Pension Clearinghouse

The **Israeli Pension Clearinghouse** (Hebrew: *Ha-Mesleka Ha-Pensiyonit*) is a digital system for exchanging pension-related information and requests among savers, employers, pension providers and other authorized users. It enables an individual to request a consolidated view of pension and savings products held at participating institutions, while also supporting employer reporting and administrative processes. The system is operated by Swiftness Ltd. under the supervision of Israel’s Capital Market, Insurance and Savings Authority.^[1][2]

Purpose and development

The clearinghouse was established to address the fragmentation of pension information and operations across Israel’s long-term savings sector. A person may hold more than one kind of product, or have accounts with multiple financial institutions. Without a shared information channel, compiling information about those products and transmitting instructions or employer reports can require separate dealings with each provider. A 2010 research paper by the Knesset Research and Information Center discussed the proposal for a central pension-clearing system in the context of a market in which savers could have savings in several channels, including pension funds and provident funds.^[3]

The current system is a regulated market infrastructure rather than a pension fund or a savings account. It does not itself manage pension assets, determine investment returns, or pay retirement benefits. Instead, it transmits information and requests between users and the institutions that administer pension products. The Capital Market, Insurance and Savings Authority’s official page identifies the system’s regulatory framework, including the Financial Services (Pension Advice, Pension Marketing and Pension Clearing System) Law, 2005, and related rules and information-security materials.^[1]

The official service describes the clearinghouse as connected to insurance companies, pension funds, provident funds and advanced-training funds (*keren hishtalmut*). It provides an access point for requesting information about products and accounts across those institutions.^[2] The clearinghouse’s operator, Swiftness, provides the digital interface; the Authority’s role is supervision and regulation, not direct operation of individuals’ accounts.^[1][2]

Information and services

For individual savers, the clearinghouse can provide a consolidated pension-information report. The official service lists information that may include the institutions and accounts or policies in which the saver has funds, accumulated balances, deposits, death and disability coverage, and a projected pension-age benefit.^[2] The precise information available depends on the report requested and the data returned by the relevant institutions.

The service supports requests for information about all of a person’s pension products, products held at a specified institution, or a particular product. It also offers services such as updating personal details held in pension products, generating pension-information reports, and issuing authorization codes for specified information or administrative purposes.^[2] These functions make the system useful not only for a broad overview but also for particular tasks, such as checking which products are recorded under a person’s details or reviewing whether reported contributions appear in the information returned.

Employers use the system for pension reporting and related processes. The official portal provides a dedicated route for employers and describes services relating to workers’ pension products and reporting. The service’s informational description also identifies electronic employer deposits and the transmission of the information needed to allocate payments among employees as functions supported through the system.^[2][4] This role connects payroll administration with the pension institutions that receive and administer contributions.

The clearinghouse is therefore both an information channel and an administrative channel. Its functions should not be confused with the separate responsibility of each pension provider to maintain account records, invest assets, process claims, or apply the terms of a pension contract. Information displayed or transmitted through the clearinghouse depends on records supplied by participating institutions and on the scope of the particular request.^[2]

Access and authorization

The official portal states that users must complete an initial registration to use its services. Registration is a one-time process, and the site describes identity-verification options that include verification using a credit card or obtaining a verification code through Israel Post.^[2] Users can then sign in to the personal area and select the information or service they require.

Because the system handles sensitive personal and financial information, requests are associated with identity checks and, where appropriate, authorization. The portal provides authorization-code services and a process for cancelling a power of attorney in relevant cases.^[2] The official site also warns users about attempts by others to impersonate representatives of the clearinghouse, underscoring the importance of accessing the service through its official channels and treating requests for personal credentials cautiously.^[2]

Access is not necessarily free for every information service. The portal publishes a service price list, and the consumer-information service Kol Zchut notes that obtaining information may involve a charge according to that list.^[2][4] The cost depends on the particular service; users should consult the current official price list rather than rely on an older quoted amount.

Regulatory and operational structure

The Capital Market, Insurance and Savings Authority, which operates within Israel’s Ministry of Finance, provides the regulatory framework for pension clearing. Its information page groups relevant material under system rules, the uniform structure, legislation and regulation, and information security.^[1] This framework is intended to govern the standardized exchange of pension data and the operation of the system across the sector.

Swiftness Ltd. is the service provider identified by both the official portal and consumer-service information. The government’s procurement publication for the operation of the pension clearing system records a continued operating contract with Swiftness beginning June 1, 2026 and ending May 31, 2028.^[5] This procurement record documents the operator and contract period; it does not, by itself, describe every technical or regulatory requirement imposed on the system.

The clearinghouse’s shared infrastructure depends on standardized data and processes. Standardization supports the transmission of comparable information among institutions and helps users make requests without individually integrating with every provider. The Authority’s materials specifically identify uniform-system rules and information security as areas of regulation.^[1] Detailed technical specifications and current operational procedures are subject to regulatory and system documentation and may change over time.

Role in the Israeli pension market

The clearinghouse is relevant to several parts of Israel’s long-term savings landscape. These include pension funds, provident funds, managers’ insurance policies and advanced-training funds. Its consolidated reporting function can help a saver see information held across product types and providers through one service, while employers can use the system to report and transmit pension-related information.^[2][4]

The system is distinct from a government benefit or a pension provider. It does not replace the National Insurance Institute’s public old-age benefits, and it is not itself a source of retirement income. Nor is it the same as a comparison database that publishes performance statistics for funds: its core function is to transmit and present information tied to individuals’ products and administrative requests. For public comparisons of pension-fund performance, the Authority separately operates the Pension Net system.^[6]

It is also distinct from *Har HaKesef*, a government service used to locate certain inactive financial accounts. The pension clearinghouse is oriented toward a broader pension-information and transaction framework, including active product details and employer processes; the two services therefore address related but different tasks.^[2][7]

Data limitations and interpretation

A consolidated report is a snapshot based on information returned by the relevant institutions at the time of the request. It should not automatically be treated as a live balance or as a complete statement of every contractual feature. For decisions or disputes concerning a particular account, the relevant pension provider remains the source for its official account records and product terms. Users may need to contact that institution if information appears incomplete, outdated or inconsistent.^[2]

The information report can show balances, contributions, coverage and projections, but it is not a personalized recommendation. A projection is not a guarantee of future pension income: outcomes may depend on future contributions, investment performance, fees, insurance arrangements, retirement timing and applicable rules. The clearinghouse’s purpose is to facilitate information access and administrative communication, not to determine whether a particular product or course of action is suitable for an individual.

For these reasons, the system’s principal public function is informational and operational: it helps make pension information more accessible across institutions and supports standardized communications among savers, employers and providers. Its regulation, information-security requirements and dependence on data supplied by institutions are central to understanding both its utility and its limits.^[1][2]