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Employee Benefits in Israel

  • February 2015
  • 106 pages
  • Timetric
Report ID: 2693677

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Synopsis
Israel has a well-established social security system that provides a series of means-tested benefits and grants to people who require financial assistance. The system encompasses income-transfer programs administered by the National insurance institute and other government ministries that provide a safeguard for persons and their dependents with inadequate sources of income, or those facing unforeseen expenses. Programs are intended to reduce poverty, provide citizens with an acceptable standard of living and support children and the unemployed. The National Insurance covers all citizens, permanent residents and Jewish immigrants.

Summary
The report provides in-depth industry analysis, information and insights into employee benefits in Israel, including:

- An overview of state and compulsory benefits in Israel

- Detailed information about private benefits in Israel

- Insights into various central institutions responsible for the administration of the different branches of social security

- The regulatory framework of employee benefits in Israel

Scope
This report provides a detailed analysis of employee benefits in Israel:

- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.

- It covers an exhaustive list of employee benefits, including retirement benefits, death in service benefits, long-term disability benefits, maternity and paternity benefits, minimum resources, long-term care, unemployment, hostile action causalities, benefits for prisoners of Zion and families of martyrs, reserve service benefit, benefits for bankruptcy and corporate liquidation, counseling services for elderly, maintenance child allowance, benefits for children with disabilities, benefits for a child orphaned due to domestic violence, accident injury benefits, volunteer’s rights, righteous gentiles and private benefits.

- It highlights the economic and regulatory situations relating to employee benefits in Israel.

Reasons To Buy
- Make strategic decisions using in-depth information related to employee benefits in Israel

- Assess Israel’s employee benefits market, including state and compulsory benefits and private benefits

- Gain insights into the key employee benefit schemes offered by private employers in Israel

- Gain insights into key organizations governing Israel’s employee benefits, and their impact on companies

Key Highlights
- The social security system consists of income transfer programs administered by the National Insurance Institute and Ministry of Social Affairs.

- Programs designed for people living in poverty provide limited assistance and restricts the country’s ability to cope effectively with high levels of disparity.

- Private employee benefits are granted in addition to state and compulsory benefits. Private health insurance, voluntary group personal accident insurance, paid vacation, are some of the benefits granted.

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