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Ongoing Story· Day 72

Israel's National Insurance Institute Advances September Payouts for Holidays

5 developments

CursorinfoEconomy

Israel's National Insurance Institute Postpones November Payments Due to Shabbat

Translated & summarized from Cursorinfo by baba

CommunityNeutral tone

Russian · 2 newsrooms covering

Israel's National Insurance Institute will delay November benefit payments until November 29th because the 28th falls on Shabbat. Hundreds of thousands of citizens receiving disability, old age, care, and subsistence benefits will be affected. The payments, totaling billions of shekels, are crucial for many families and individuals. The delay is a standard procedure when payment dates coincide with the weekend.

The story in 5 lines · by baba

  • November benefit payments in Israel are postponed to November 29 due to Shabbat.
  • Hundreds of thousands of Israelis will receive disability, old age, and other social benefits late.
  • The delay affects payments totaling billions of shekels, crucial for many citizens.
  • Israeli banking systems do not operate on Saturdays, necessitating the payment shift.
  • The National Insurance Institute is responsible for distributing the delayed funds.
Israel's National Insurance Institute Postpones November Payments Due to Shabbat
Editorial illustration generated by baba News, not a photograph of the event.

The National Insurance Institute (Bituah Leumi) has announced a postponement of its November benefit payments, moving the disbursement date from the usual 28th to Sunday, November 29th. This change is due to the 28th falling on a Saturday, a day when Israeli banking clearing systems are inactive, preventing mass money transfers. The institute typically moves payments to the next business day when the scheduled date falls on a weekend or holiday. This adjustment affects hundreds of thousands of Israelis who rely on these social benefits for their financial support. The payments encompass a wide range of crucial social benefits, including those for general disability, special services (SHARAM), children with disabilities, mobility, old age, loss of a breadwinner, subsistence, alimony, and care. The total value of these November payments amounts to billions of shekels. For individuals with a 100% disability rating, monthly payments range from approximately 4300 to 4500 shekels, potentially increasing to 6000-8500 shekels with dependents. Additional support, such as SHARAM for severe disabilities, can add between 1800 and 8300 shekels. Mobility benefits vary, with around 1200 shekels for those without a vehicle and up to 4500 shekels for owners of adapted cars. Elderly recipients receive basic pensions of about 1730-1830 shekels, rising to 2600-2750 shekels with seniority, or up to 4000-4500 shekels for those also receiving a subsistence supplement. Care benefits, when paid directly, range from 1500 to 6500 shekels. Subsistence payments average 1900-2300 shekels for individuals and up to 4300 shekels for families.

CursorinfoOther · Tel Aviv

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