Digital enrollment to pension products – simple, easy employee experience, in standards you haven’t seen before.
Employee can move their Study Fund from one insurance company or investment house to another.
The system is available on smartphones, tablets, and computers – per employee preference.
Four language interfaces: Hebrew, English, Russian and Arabic.
Pension clearinghouse interface, showing employees a current overview of their products.
Technical support and service call-center for employees and employers.
Managing eligibility dates (including future eligibility dates) according to employer policy and employee contracts.
Creates temporary life and LTD insurances until the new hire chooses their pension products, in accordance with employer agreements with insurers.
For each pension product, each employee is presented with the employer’s unique management fees, past yields, and assets portfolio.
MyPensya work stages
Data preparation
Employers can set up employees in the system via manual input, an automated interface, or file upload.
Employee decision
The system contacts the employees, presents them with their existing products (if access to the pension clearinghouse was granted). The employee chooses their preferred product according to their eligibility and the details they are presented (management fees, yields, etc.)
Execution of employee decision
MyPensya executes the employee’s decision with the insurance companies (or investment houses) as chosen by the employee (automatically fills-in the enrollment and transfer forms according to employee choices).
MyPensya updates the employer’s payroll department regarding employee decisions.
The stages of work
Who benefits the most from the system?
Total Rewards/HR Managers
Management of the onboarding processes for various employee populations to pension products, while ensuring compliance with regulations and accurate documentation of all process stages.
All employees of the company
Allows each employee to choose their preferred pension product digitally, directly, simply, and quickly in four languages.
FAQ
What's included in the Israeli pension scheme?
The Israeli pension scheme bundles together five elements:
- Retirement savings.
- Midterm saving called Study Fund.
- Severance.
- Longterm disability insurance.
- Life insurance.
- All of these five elements are managed by MyPensya.
How does the employee use the MyPensya system?
Employees can use MyPensya on their smartphone, on a computer, and through their tablet.
In which languages is the call-center support available?
Hebrew, Russian, and English.
Who provides support to the employer?
Each employer is assigned a personal client manager who is available to them during regular work hours, and, in urgent cases, at any time.
Employer representatives receive the client manager’s direct phone number, e-mail address, and mobile number (available for calls and for WhatsApp messages).
What about information security? This is sensitive data.
The system was built using advanced security standards:
- The system is built on the advanced and secure Microsoft Azure platform.
- Strong data encryption both in storage and transit.
- Backed by the most advanced security tools.
- MyPensya is ISO27001 and ISO27018 certified – the most globally recognized data security certifications.
- The system undergoes periodic penetration tests.
Is the system only meant for new employees?
No.The system lets employers manage future eligibility dates for current employees as well (e.g. late eligibility for study fund) and also enables current employees to transfer their study funds.
In addition, we intend to launch additional system capabilities to provide employees with a pension experience never before seen in Israel.
Is the system new? How can I trust it?
The system has been active since 2018.
During 2024, approximately 20,000 employees used MyPensya to enroll to pension products, and new employers keep joining.
Dozens of employers, some of the largest in Israel, already use the system.
As important – the system is owned by Zviran, which has operated in the field of employee compensation for 40 years. Zviran is now the largest employer consultant in Israel in the fields of pension and risk benefits. Some 200 employers, some of the largest in Israel and worldwide, use Zviran’s pension and risk benefits services.
Zviran back MyPensya with the highest level of professionalism in the Israeli pension space.
Is MyPensya owned by an insurance company or investment house? Does it receive commissions?
No.
MyPensya is not owned by any insurance company, investment house, broker, or insurance agent.
MyPensya is not affiliated with any of these – it is 100% controlled by Zviran.
MyPensya does not receive commissions for pension products chosen by employees and does not provide consulting to the employee or recommend joining any particular pension product.
