Israeli official rejects pension demand

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ISRAEL - Israel won't provide a "safety net" for pension savings eroded by the global financial crisis, the country's chief markets regulator said, rejecting a demand from the Histadrut labor union.

While Israeli pension funds have lost about 16% of their value since the beginning of the year, they've still posted a 6.2% annual gain over the past decade, Yadin Antebi, the commissioner for capi...

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