National Insurance Delays November Pension Payments to Sunday, November 29
Translated & summarized from Ice by baba
The National Insurance Institute will delay November benefit payments to Sunday, November 29, because the 28th falls on a Saturday. This technical delay affects hundreds of thousands of recipients of disability, old-age, and income support benefits. The payments, totaling billions of shekels, are a crucial economic safety net for many Israelis. Specific benefit amounts are detailed, with pensions for individuals ranging from approximately 1,730 to over 8,500 shekels depending on the type and circumstances.
The story in 5 lines · by baba
- National Insurance Institute delays November benefit payments to Sunday, November 29.
- The delay is due to November 28 falling on a Saturday, a non-banking day.
- Hundreds of thousands of recipients of various benefits are affected.
- Affected benefits include disability, old-age pensions, and income support.
- Payments total billions of shekels and are a key economic safety net.
Hundreds of thousands of Israelis who rely on National Insurance Institute (Bituah Leumi) benefits will experience a change in their payment schedule this month. The Institute has officially announced a delay in the deposit of November's long-term benefits. Instead of the usual payment date of November 28, funds will be transferred to recipients' bank accounts on Sunday, November 29.
The reason for the delay is purely technical, stemming from the calendar. November 28 falls on a Saturday, a day when Israeli banking clearing systems are not operational. Consequently, mass money transfers cannot be processed on this day. While the National Insurance Institute sometimes advances payments when the date coincides with Jewish holidays or special occasions, the standard procedure for a regular weekend is to postpone the payment to the next business day, which is Sunday morning.
This delay affects the majority of recipients of the country's main benefits. Those who will receive their payments on November 29 include recipients of general disability benefits, special services (Sheram) benefits, child disability benefits, mobility benefits, as well as old-age pensions, survivors' benefits, guaranteed income, alimony, and nursing care.
These payments represent billions of shekels and form the primary economic safety net for numerous families, the elderly, and individuals with disabilities. The article details the amounts for various benefits, noting that a full general disability pension for an individual can range from approximately 4,300 to 4,500 shekels per month, potentially reaching 6,000 to 8,500 shekels with dependents. Special services benefits for severely disabled individuals can range from about 1,800 to 8,300 shekels monthly. Child disability benefits provide families with 1,800 to 8,300 shekels, and mobility benefits range from 1,200 to 4,500 shekels. For the elderly, basic old-age pensions are around 1,730 to 1,830 shekels, increasing with seniority to about 2,600 to 2,750 shekels for individuals and 4,200 shekels for couples. Low-income seniors receiving income supplements can get 4,000 to 4,500 shekels as individuals and up to 7,000 shekels for couples. Nursing care benefits, when paid as cash, range from 1,500 to 6,500 shekels, and guaranteed income benefits average 1,900 to 2,300 shekels for individuals and up to 4,300 shekels for couples with children.