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Benefits

  To Employees
  To Relatives
  To Pension Fund
  To Member of a Cooperative
To Employees

Salary and severance pay that the employer owes as of the day of work termination, up to the maximum determined by the National Insurance Law (NIS 108,810 (as of 01.01.2012)

To Relatives

The wage they are entitled to according to section 7 of the Wage Protection Law and the severance pay that they are entitled to according to section 5 of that Law, up to the maximum determined by the National Insurance Law (NIS 108,810 (as of 01.01.2012) .

To Pension Fund

Payments that were not transferred to the pension fund from the employee’s or the employer’s funds or both, up to a maximum set by the National Insurance Law (NIS 16,740 (as of 01.01.2012) after a deduction of 4% under the Economy Arrangements Law).

To Member of a Cooperative

If the person has completed 7 full years of membership in a cooperative or a kibbutz up to a maximum determined by law (as of January 2006 NIS 57,216. 4% of this amount is deducted under the Economy Arrangements Law).

 
 
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