A mandatory withholding must be made for pension fund savings.
Employers are required to provide their employees with pension benefits, funded partially by the employee and partially by the employer. Both the employee and the employers are required to pay into a pension fund for the employee.
The amount of the contributions is generally based on the gross base salary.
The legally mandated minimal employee pension must be based on the average wage, which is currently NIS 12,536, and is withheld from the employee's gross wages.
There are multiple collective bargaining agreements and extension orders
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Web page updated on 17 Mar 2025 14:53