As of January 1, 2008, Bank Hapoalim and Bank Leumi will be licensed to provide pension consulting services for the self-employed, and for salaried workers in National Priority areas A and B, excepting Ashkelon, Ashdod and Beersheva.
Cuts necessary to cover over NIS 1.85 billion in payouts to coalition parties needed to pass budget.
Finance Ministry to introduce billion shekel cut in budget because of Knesset's refusal to approve welfare cutbacks.
Finance Minister Roni Bar-On is steadfast in his refusal to raise the budget deficit target for next year.
Treasury warns MKs against cancelling stipend freezes, welfare cuts; Pensioners threaten to bolt coalition.