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Ongoing Story· Day 71

Israel's National Insurance Institute Advances September Payouts for Holidays

4 developments

IceEconomy

National Insurance Delays November Pension Payments to Sunday, November 29

Translated & summarized from Ice by baba

BusinessNeutral tone

Hebrew · 1 newsroom

Israel's National Insurance Institute will delay November benefit payments to Sunday, November 29, because the 28th falls on a Saturday. This affects hundreds of thousands of recipients across various disability, old-age, and support programs. The payments, totaling billions of shekels, are a vital economic safety net. Specific benefit amounts are detailed, with some pensions reaching over 8,000 shekels for individuals with dependents or severe needs.

The story in 5 lines · by baba

  • National Insurance payments delayed to November 29 due to Saturday fall.
  • Hundreds of thousands of Israelis affected by the payment delay.
  • Delay impacts disability, old-age, and income support benefit recipients.
  • Total payments affected amount to billions of shekels.
  • Some disability and child benefits can reach up to 8,300 shekels monthly.

Hundreds of thousands of Israelis relying on National Insurance Institute (Bituah Leumi) benefits will receive their November payments on Sunday, November 29, instead of the usual date of November 28. The delay is due to November 28 falling on a Saturday, a non-banking day in Israel. Standard procedure dictates that payments falling on a weekend are postponed to the next business day. This postponement affects a wide range of major benefits, including general disability, special services, child disability, mobility, old-age pensions, survivors' benefits, income support, alimony, and nursing care.

The affected payments represent billions of shekels and form a crucial economic safety net for many families, the elderly, and individuals with disabilities. The article details the amounts for various benefits: full general disability pensions range from approximately 4,300 to 4,500 shekels for an individual, potentially reaching 6,000 to 8,500 shekels with dependents. Special services pensions for severely disabled individuals can range from about 1,800 to 8,300 shekels monthly. Child disability benefits vary between approximately 1,800 and 8,300 shekels, while mobility allowances are between 1,200 and 4,500 shekels. For the elderly, basic old-age pensions are around 1,730 to 1,830 shekels, increasing to 2,600-2,750 for individuals and 4,200 for couples with maximum seniority. Those eligible for income supplements can receive 4,000-4,500 shekels for individuals and up to 7,000 for couples. Nursing care benefits, when paid as cash, range from 1,500 to 6,500 shekels monthly, and income support payments average 1,900-2,300 shekels for individuals and up to 4,300 for couples with children.

IceOther · Tel Aviv

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