Israel to Delay Social Security Payments by One Day Due to Weekend
Translated & summarized from Cursorinfo by baba
Hundreds of thousands of Israelis will receive their social security payments on Sunday, November 29, instead of Saturday, November 28. The National Insurance Institute (Bituah Leumi) is delaying the transfers due to November 28 falling on a Saturday, when banks are closed. The delay affects major benefits, including pensions and disability payments, totaling billions of shekels.
The story in 5 lines · by baba
- Hundreds of thousands of Israelis will receive social security payments on Nov. 29 instead of Nov. 28.
- The National Insurance Institute (Bituah Leumi) cited the Saturday date as the reason for the delay.
- Israeli banks do not operate on Saturdays, necessitating the one-day postponement.
- The delay affects major benefits like pensions, disability, and child support payments.
- The total value of the delayed payments amounts to billions of shekels.
Hundreds of thousands of Israelis will receive their social security benefits one day later than usual, with payments scheduled to be transferred from Saturday, November 28, to Sunday, November 29. The National Insurance Institute (Bituah Leumi) announced the shift, attributing the delay to a technical issue related to the calendar. Since November 28 falls on a Saturday, and Israeli banking systems do not operate on weekends, the mass transfers cannot occur on that date. Instead, payments will be credited to recipients' bank accounts on Sunday morning. This postponement affects most major benefits, including those for general disability, special services (Sharam), disabled children, and mobility. It also includes old-age pensions, survivor benefits, minimum income support, alimony, and care payments, totaling billions of shekels. These funds are a primary financial support for many families, the elderly, and individuals with disabilities. Other November payments will proceed as scheduled. Short-term benefits, such as unemployment, maternity, and work injury compensation, were already disbursed in early November. Child benefits are expected on November 20. Recipients do not need to take any action, as the transfers will be automatic, though the exact time of deposit may vary by bank.
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