Maximum amount of severance pay and wage payment


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  • An employee against whose employer a liquidation/bankruptcy decree was filed before 01.08.2009 – 10 times basic amount 3 – NIS 98,060 (as of Jan 01, 2024).
  • An employee against whose employer a liquidation/bankruptcy decree was filed on or after 01.08.2009 – 13 times basic amount 3 – NIS 127,478 (as of Jan 01, 2024).
  • A member of a cooperative society against whose employer a liquidation decree was filed – 8 times basic amount 3 – NIS 78,448 (as of Jan 01, 2024).