Prime Minister of the United Kingdom retirement from the Commons, which elevates the individual to the House of Lords. Formerly, the peerage bestowed was usually an earldom, with Churchill offered a dukedom. From the 1960s onward, life peerages were preferred, although in 1984 Harold Macmillan was created Earl of Stockton. Sir Alec Douglas-Home, Harold Wilson, James Callaghan and Margaret Thatcher accepted life peerages, although Douglas-Home had previously disclaimed his hereditary title as Earl of Home. Edward Heath did not accept a peerage of any kind and nor have any of the Prime Ministers to retire since 1990; although Heath and Major were later appointed as Knights
Prime Minister of Israel in power until 1992. Rabin became prime minister for the second time when he led Labour to victory in the 1992 elections. After his assassination on 4 November 1995, Peres took over as prime minister. During the thirteenth Knesset (1992–1996) it was decided to hold a separate ballot for prime minister modeled after American presidential elections. This system was instituted in part because the Israeli electoral system makes it all but impossible for one party to win a majority. While only two parties—Mapai/Labour and Likud—had ever led governments, the large number of parties or factions in a typical Knesset usually