Due to a recent law passed in the Knesset, there will be a huge upgrade in the awareness of Elderly people as to their rights. Many of them are unaware what their rights are. In order to combat unawareness the government has made it mandatory for Govt. offices and agencies to notify elderly citizens on …
Tag Archives: Social_Security
Social Security reconciliation
How is Social security configured ? Social Security and Health tax are mandatory deductions from gross pay. In addition to the employee’s contribution there is also an employer’s contribution. They are configured at two rates: a lower rate for gross pay up to 60% of the average salary (currently 5,171 sh – July 2012). The …
Employer’s Social Security contributions to change as of April 1st 2011
Social Security recently published directives to employers regarding a change in the % of employer’s contributions towards their employee’s benefits via payroll. The changes are basically a reduction from the lower bracket (up to 4,984 shekels) and a raise in the % from the higher bracket (anything above 4,984 shekels). The amounts are gross (pre …
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Are you employed in two places of employment simultaneously ?
Are you presently employed by two employers as a salaried employee ? NOTE: if you are employed by more than two employers, you will need to go to your local Bituach Leumi with a copy of each of your payslips and this article does not apply to you. If you are earning less than …
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