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| General Information |
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| Source of Financing | |
The main source of financing of benefits paid under the National Insurance Law is the national insurance contributions collected from Israel’s citizens. In 2007 there were 2,540,000 employees covered in national insurance, and they were employed by 220,700 employers and 334,900 self-employed persons. |
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| Maximum and Minimum Income Liable for Insurance Contributions and Contribution Rates from 1954 | |
The National Insurance Institute collects insurance contributions in accordance with the law’s provisions and regulations. The law sets the insurance contribution rates for each branch separately and establishes the maximum and minimum income for paying insurance contributions.
Here you can find the limit of income liable for insurance contributions, as will as the contribution rates from 1954 ( when the NII was established) until today. |
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| Minimum Wage | |
Update minimum wage:
Daily wage for worker employed 5 days a week: NIS 189.23 (as of 07.01.2011) .
Daily wage for worker employed 6 days a week: NIS 164.00 (as of 07.01.2011) .
Hourly wage: NIS 22.04 (as of 07.01.2011) .
Monthly wage:NIS 4,100.00 (as of 07.01.2011)
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| Average Wage under article 1,2 of National Insurance Law | |
The reference is to the average wage according to the National Insurance Law. It is calculated according to a method determined in the Law, on January 1st. of every year, and afterwards each time that a compensation is paid.
Average Wage under National Insurance Law:
 Under article 1 of the law: NIS 8,503 (as of 01.01.2012) .
Under article 2 of the law - benefits: NIS 8,619 (as of 01.01.2012) .
Under article 1 of the law - insurance contribution: NIS 8,619 (as of 01.01.2012) . |
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| Basic amount to calculate benefits | |
The amount according to which most of the benefits are calculated as of January 1, 2006. The basic amount is adjusted on January 1st of every year at the rate of the previous year’s rise in the Consumer Price Index.
The basic amount is has three different sums for purposes of updating the different benefits
Basic amount update:
basic amount 1 for calculating benefits - NIS 8,475 (as of 01.01.2012)
basic amount 2 for calculating benefits - NIS 173 (as of 01.01.2012)
basic amount 3 for calculating benefits - NIS 8,370 (as of 01.01.2012)
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