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Market Research Report
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1019747

Employee Benefits in Israel 2021

Published: | GlobalData | 74 Pages | Delivery time: 1-2 business days

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Employee Benefits in Israel 2021
Published: July 8, 2021
GlobalData
Content info: 74 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents
Description

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.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Israel, including an overview of the state and compulsory benefits in Israel, detailed information about the private benefits in Israel, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Israel.

Key Highlights

  • The government grants state benefits to all employed, self-employed and unemployed persons and their dependents residing in the country
  • Compulsory benefits are provided by employers to employees and are mandated by law
  • Retirement, disability, death-in-service, healthcare, unemployment, and income support benefits are provided by the state or else are compulsory
  • Private health insurance, voluntary group personal accident insurance, and paid vacations are all implemented in various combinations and forms to attract the best workers to the top firms

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, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, long-term care benefits, leave 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
Table of Contents
Product Code: GDEB0923MR

Table of Contents

Table of Contents

1. Executive Summary

2. Introduction

  • 2.1 What is this Report about?
  • 2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Israel

5. Regulations

6. State and Compulsory Benefits

  • 6.1 Retirement Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
  • 6.2 Death in Service
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
  • 6.3 Long-Term Disability Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
  • 6.4 Short-Term Sickness Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
  • 6.5 Medical Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment Options
  • Contribution
  • 6.6 Workers' Compensation insurance
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
  • 6.7 Maternity and Paternity Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
  • 6.8 Other Benefits
  • Unemployment Benefits
  • Long-Term Care Benefits
  • Minimum Resources Benefits
  • Childcare Benefits
  • Benefits for Childrens with Disabilities
  • Accidental Injury Benefits
  • Leaves and Holidays

7. Private Benefits

  • 7.1 Retirement Benefits
  • 7.2 Death Benefits
  • 7.3 Medical Benefits
  • 7.4 Disability Benefits
  • 7.5 Accidental and Dismemberment Benefits
  • 7.6 Other Benefits
  • About GlobalData
  • Contact Us

List of Tables

List of Tables

  • Table 1: Insurance Industry Definitions
  • Table 2: Israel - Country Statistics
  • Table 3: Israel - Contribution Rates for Salaried Workers, 2021
  • Table 4: Israel - Contribution Rates Based on Type of Salaried Workers (Reduced Rate), 2021
  • Table 5: Israel - Contribution Rates Based on Type of Salaried Workers (Full Rate), 2021
  • Table 6: Israel - Contribution Rates of Self-Employed Persons, 2021
  • Table 7: Israel - Contribution Rates of Unemployed Persons, 2021
  • Table 8: Israel - Contributions of Persons Receiving Early Pension, 2021
  • Table 9: Israel - Contributions for Domestic Workers Aged Between 18 years and Retirement Age 2021
  • Table 10: Israel - Contributions for Domestic Workers Aged Between Retirement Age and the Age of Entitlement 2021
  • Table 11: Israel - Contributions for Foreign Residents 2021
  • Table 12: Israel - Contributions for Foreign Residents or the Share of Income Exceeding 60% of the Average Wage 2021
  • Table 13: Israel - Contributions of Residents of the Palestinian Authority or Judea and Sameria in Settlement or in Military Sites 2021
  • Table 14: Israel - Amount of Old-Age Pension, 2021
  • Table 15: Israel - Pension for persons below 70 years of age
  • Table 16: Israel - Pension for persons aged between 70 years and 80 years
  • Table 17: Israel - Pension for persons aged 80 years and above
  • Table 18: Israel - Constant Attendance Allowance, 2021
  • Table 19: Israel - Special Survivor Benefit, 2021
  • Table 20: Israel - Monthly survivor's pension for persons below 70 years of age
  • Table 21: Israel - Monthly survivor's pension for persons aged between 70 years and 79 years
  • Table 22: Israel - Monthly survivor's pension for persons aged 80 years and above
  • Table 23: Israel - Benefit Rates for a Widow(er) With Children
  • Table 24: Israel - Benefit Rates for a Widow Without Children
  • Table 25: Israel - Benefit Rates for Children
  • Table 26: Israel - Benefit Rates for Other Dependents
  • Table 27: Israel - Unemployment Benefits Maximum Duration
  • Table 28: Israel - Benefit for young unemployed
  • Table 29: Israel - Long-Term Care Benefit Income Limit, 2021
  • Table 30: Israel - Maximum income amount 2021
  • Table 31: Israel - Income Support for Those Aged 20-24, 2021
  • Table 32: Israel - Income Support Benefit for Those Aged 25-54, 2021
  • Table 33: Israel - Income Support Benefit for Those More than 55 Years, 2021
  • Table 34: Israel - Child Allowance for Children Born until May 31, 2003
  • Table 35: Israel - Child Allowance for Children Born After June 1, 2003
  • Table 36: Israel - Fixed National and Public Holidays 2021

List of Figures

List of Figures

  • Figure 1: Israel - Main Institutions of Social Security System