{"id":63,"date":"2011-02-28T20:45:30","date_gmt":"2011-02-28T20:45:30","guid":{"rendered":"http:\/\/jobshuk.com\/motal7\/2011\/02\/28\/changes-in-pension-plan-rates-in-public-sector\/"},"modified":"2011-02-28T20:45:30","modified_gmt":"2011-02-28T20:45:30","slug":"changes-in-pension-plan-rates-in-public-sector","status":"publish","type":"post","link":"https:\/\/jobshuk.com\/motal7\/2011\/02\/28\/changes-in-pension-plan-rates-in-public-sector\/","title":{"rendered":"Changes in pension plan rates in public sector"},"content":{"rendered":"

The new referendum issued by the finance Ministry applies to all public sector employees and is in effect from Jan 1, 2011<\/p>\n

According to this referendum, both employee and employer contributions towards benefits in Kupot Gemel for pension will be raised by 0.5% <\/p>\n

This means that from Jan 2011 – Dec 2012, the employee’s contribution will be raised from 5.5% to 6% while the employer’s contribution will be raised from 6% to 6.5% <\/p>\n

Starting in Jan 2013, both the employer’s and the employee’s rates will be raised anoth 0.5%<\/p>\n

employer 7%<\/p>\n

employee 6.5%<\/p>\n

 The second change is regarding Bituach Menahalim programs.<\/p>\n

This basically will make the pension plans and bituach menahalim plans equal in terms of rates. <\/p>\n

Up until now the rates were 5% each; employer and employee, 8.33% towards severance pay (employer) and up to an additional 2.5% for loss of work liability.<\/p>\n

Frim Jan 2011 – Dec 2012 the employee’s contribution will be raised to 5.5% and the employer’s contribution will be raised also to a max of 5.5% provided that with the loss of work liability, it will not top 7.5%<\/p>\n

Starting in Jan 2013, both the employee’s and employer’s contributions will be raised to 6%  provided that with the loss of work liability, it will not top 7.5%<\/p>\n

 <\/p>\n

 <\/p>\n

Moshe Egel-Tal, CSPP
<\/font>Founder and CEO, Israpay   "making payroll simple"<\/p>\n

 Site<\/span>: http:\/\/www.israpay.com<\/a>
 Email<\/span>:  mo***********<\/span>@***<\/span>il.com<\/span><\/a><\/p>\n

Skype<\/span>: motal7<\/p>\n

Snail Mail<\/span>:  p.o. box 44429 Jerusalem, Israel 91443<\/p>\n

 Follow me on social networks: Facebook, xing, twitter, Plaxo, FriendFeed, LinkedIn, Digg, Tagfoot, Myspace    Username: Israpay<\/span><\/span><\/p>\n

  <\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

The new referendum issued by the finance Ministry applies to all public sector employees and is in effect from Jan 1, 2011 According to this referendum, both employee and employer contributions towards benefits in Kupot Gemel for pension will be raised by 0.5%  This means that from Jan 2011 – Dec 2012, the employee’s contribution … <\/p>\n

Continue reading “Changes in pension plan rates in public sector”<\/span><\/a><\/p>\n\n\n","protected":false},"author":52,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[37,4,18,10,20,38,21,39,14],"class_list":["post-63","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-contribution","tag-employee","tag-employer","tag-israel","tag-payroll","tag-pension_plan","tag-public_sector","tag-rates","tag-salary","entry"],"yoast_head":"\nChanges in pension plan rates in public sector - The Payroll Thing<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jobshuk.com\/motal7\/2011\/02\/28\/changes-in-pension-plan-rates-in-public-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changes in pension plan rates in public sector - 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