National Insurance Institute Announces November Payment Schedule for Millions
Translated & summarized from Ice by baba
Israel's National Insurance Institute will distribute various benefits throughout November, starting with employment support on the 12th and child allowances on the 20th. The largest payment installment, including disability and pension benefits, will be disbursed on November 29th due to the 28th falling on a Saturday. Employers and self-employed individuals must report and pay contributions by November 15th.
The story in 6 lines · by baba
- November 12th saw the disbursement of employment support and unemployment benefits.
- Employers and self-employed must pay insurance contributions by November 15th.
- Child allowances and savings contributions are scheduled for November 20th.
- The largest payment installment, including disability and pensions, is delayed to November 29th.
- Child allowances range from 173 to 219 shekels per child.
- Maximum gross monthly unemployment benefit is 13,769 shekels.
The National Insurance Institute (Bituah Leumi) has outlined its payment schedule for November, affecting hundreds of thousands of Israeli households. Key payments include employment support and unemployment benefits, which began disbursing on November 12th. These benefits are calculated based on age and previous earnings, with a maximum gross monthly amount of 13,769 shekels. Income support grants, for individuals and families below the poverty line or unable to work, will also be paid out. These range from a few thousand shekels depending on family status.
Employers and self-employed individuals are reminded that November 15th is the deadline for reporting and paying national insurance and health insurance contributions for October. This date is crucial for avoiding penalties and ensuring continuous insurance coverage.
Child allowances and savings plans will be distributed on November 20th. The child allowance is approximately 173 shekels for the first child and 219 shekels for each subsequent child up to the fourth. Additionally, the state contributes about 57 shekels per month per child to a savings plan or bank account chosen by the parents, who can opt to double this amount from the child allowance.
The largest payment installment, typically scheduled for November 28th, has been postponed by one day to November 29th because the 28th falls on a Saturday. This major payment includes disability benefits (general disability, special services, and child disability), old-age and survivor pensions, and payments for work injury victims, alimony recipients, mobility grants, and care allowances. Payments will be deposited directly into beneficiaries' bank accounts.
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