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Israel Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2

Publisher GlobalData
Published Jul 18, 2022
Length 69 Pages
SKU # GBDT17401774

Description

Israel Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update

Summary

Israel has a well-established social security system that provides a series of means-tested benefits and grants to people who require financial assistance. The system encompasses income-transfer programs administered by the National Insurance Institute and other government ministries that provide a safeguard for persons and their dependents with inadequate sources of income, or those facing unforeseen expenses. Programs are intended to reduce poverty, provide citizens with an acceptable standard of living, and support children and the unemployed. The National Insurance covers all citizens, permanent residents, and Jewish immigrants.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Israel, including an overview of the state and compulsory benefits in Israel, detailed information about the private benefits in Israel, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Israel.

Key Highlights
  • The Ministry of Social affairs and National Insurance Institute (NII) organizations are responsible for the functioning of the overall social security system.
  • A person’s national insurance contribution is determined based on their income.
  • An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
  • In Israel, employers provide voluntary retirement benefits to their employees through occupational pension schemes, master trust and automatic enrollment.
Scope


This report provides a detailed analysis of employee benefits in Israel -
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, childcare benefits, Accident injury benefit, benefits for child with disabilities, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Israel
Reasons to Buy
  • Make strategic decisions using in-depth information related to employee benefits in the country
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits
  • Gain insights into the key employee benefit schemes offered by private employers in the country
  • Gain insights into key organizations governing employee benefits market, and their impact on companies

Table of Contents

69 Pages
1. Executive Summary
2. Introduction
2.1 What is this Report about?
2.2 Definitions
3. Country Statistics
4. Overview of Employee Benefits in Israel
5. Regulations
6. State and Compulsory Benefits
6.1 Retirement Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.2 Death in Service
Introduction
Eligibility
Benefits
Payment options
Contribution
6.3 Long-Term Disability Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.4 Short-Term Sickness Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.5 Medical Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.6 Workers’ Compensation insurance
Introduction
Eligibility
Benefits
Payment options
Contribution
6.7 Maternity and Paternity Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.8 Other Benefits
Childcare benefits
Unemployment benefits
Long-term care Benefits
Childcare benefits
Accident injury benefits
Benefits for children with disabilities
Leaves and Holidays
7. Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Accidental and Dismemberment Benefits
7.6 Other Benefits
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List of Tables
Table 1: Insurance Industry Definitions
Table 2: Israel - Country Statistics, 2020
Table 3: Israel - Contribution Rates for Salaried Workers, 2022
Table 4: Israel - Contribution Rates Based on Type of Salaried Workers (Reduced Rate), 2022
Table 5: Israel - Contribution Rates Based on Type of Salaried Workers (Full Rate), 2022
Table 6: Israel - Contribution Rates of Self-Employed Persons, 2022
Table 7: Israel - Contribution Rates of Unemployed Persons, 2022
Table 8: Israel - Contributions of Persons Receiving Early Pension, 2022
Table 9: Israel - Contributions for Domestic Workers Aged Between 18 years and Retirement Age 2022
Table 10: Israel - Contributions for Domestic Workers Aged Between Retirement Age and the Age of Entitlement 2022
Table 11: Israel - Contributions for Foreign Residents 2022
Table 12: Israel - Contributions for Foreign Residents or the Share of Income Exceeding 60% of the Average Wage 2022
Table 13: Israel - Contributions of Residents of the Palestinian Authority or Judea and Sameria in Settlement or Military Sites 2022
Table 14: Israel - Amount of Old-Age Pension, 2022
Table 15: Israel - Pension for persons below 70 years of age
Table 16: Israel - Pension for persons aged between 70 years and 80 years
Table 17: Israel - Pension for persons aged 80 years and above
Table 18: Israel - Constant Attendance Allowance, 2022
Table 19: Israel -Survivor Benefit, 2022
Table 20: Israel - Monthly survivor’s income supplement for persons below 70 years of age for 2022
Table 21: Israel - Monthly survivor’s income supplement for persons aged between 70 years and 79 years for 2022
Table 22: Israel - Monthly survivor’s income supplement for persons aged 80 years and above for 2022
Table 23: Israel - Benefit Rates for a Widow(er) With Children
Table 24: Israel - Benefit Rates for a Widow Without Children
Table 25: Israel - Benefit Rates for Children
Table 26: Israel - Benefit Rates for Other Dependents
Table 27: Israel - Unemployment Benefits Maximum Duration
Table 28: Israel - Benefit for Young Unemployed Individuals
Table 29: Israel - Long-Term Care Benefit Income Limit, 2022
Table 30: Israel - Maximum Income Limit, 2022
Table 31: Israel - Income Support for Those Aged 20-24, 2022
Table 32: Israel - Income Support Benefit for Those Aged 25-54, 2022
Table 33: Israel - Income Support Benefit for Individuals More than 55 Years of Age, 2022
Table 34: Israel - Child Allowance for Children Born After June 1, 2003
Table 35: Israel - Fixed National and Public Holidays 2022
List of Figures
Figure 1: Israel - Main Institutions of Social Security System

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