National Insurance to Distribute Hundreds of Shekels Next Week
Translated & summarized from Ice by baba
The National Insurance Institute will distribute child allowances on November 20th, with amounts varying by birth order. Eligible families will receive between 173 and 219 shekels per child, with potential supplements for third and fourth children for certain benefit recipients. The institute also contributes 58 shekels monthly to a savings plan for each child, with parents able to double this contribution.
The story in 5 lines · by baba
- National Insurance will distribute child allowances on November 20th to eligible families.
- Child allowance amounts range from 173 to 219 shekels per child, based on birth order.
- Additional payments are available for third and fourth children for specific benefit recipients.
- The National Insurance Institute contributes 58 shekels monthly to a savings plan for each child.
- Parents can double the monthly savings contribution to 116 shekels per child.
The National Insurance Institute will distribute child allowances to eligible families on November 20th. These monthly payments are intended to help with the expenses of raising children up to the age of 18 and are provided regardless of family income.
The amount of the child allowance varies based on the child's birth order within the family. The first child receives 173 shekels, the second child receives 219 shekels, and this amount also applies to the third and fourth children. For the fifth child and any subsequent children, the allowance is 173 shekels per month.
Parents receiving specific income support benefits, such as guaranteed income, alimony, or old-age/survivor pensions with income supplements, are eligible for an additional 113 shekels per month for their third child and another 113 shekels for their fourth child.
Eligibility for the allowance extends to Israeli residents, court-appointed guardians, and foreign nationals working legally in Israel for at least six months. Children who immigrated to Israel without their parents are also eligible to receive the allowance for themselves. The child must be under 18, unmarried, and residing in Israel, with extended absences abroad potentially affecting eligibility.
In addition to the monthly allowance, the National Insurance Institute deposits 58 shekels monthly into a personal savings plan for each eligible child until they turn 18. Parents have the option to add an additional 58 shekels from their child allowance each month, doubling the monthly deposit to 116 shekels.
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