The Knesset plenum approved on second and third reading the economic assistance program - a one-time grant for each resident. According to the approved plan, every resident over the age of 18 will be entitled to a grant of NIS 750, and an additional grant of NIS 500 for each child up to the fourth child in the family. Starting with the fifth child, a grant of NIS 300 will be received for each additional child. Earlier, Social Security announced that if the law passes today, on Sunday the grants will be transferred only to parents of children under the age of 18, and later the rest of the grants will be transferred gradually. The grants for children will be transferred in the new format proposed yesterday by Finance Minister Israel Katz, according to which parents will receive NIS 500 for each of the first four children in the family, and starting with the fifth child, the amount will be reduced to NIS 300 per child, unlimited.
A family with six children will receive NIS 1,500 for both parents, NIS 2,000 for the first four children and another NIS 600 for the fifth and sixth children. In total - NIS 4,100. The payment for the parents will also pass this coming Sunday. The rest of the citizens will receive the grant in the coming days, as stated. Citizens aged 18 and over, whose income is less than NIS 651,000 per year without children under the age of 18, will receive NIS 750 each.
Recipients of Social Security benefits in populations defined as weak and needy will receive double grants: disabled, prisoners of Zion, disabled from hostilities, Nazi persecution, needy immigrants and nursing seniors, as well as recipients of income supplement over old age, income support and alimony. All of these will receive a double grant of NIS 1,500, which will probably be paid in the middle of next week.
Meanwhile, hundreds of thousands of beneficiaries have not yet been identified who do not have the details of their bank accounts with the National Insurance Institute. As a result, there appears to be a delay of weeks or months in transferring some of the grants to this population.
The Ministry of Finance claims that the grants could have been transferred as early as tomorrow and due to Tisha B'Av, those eligible would be seen in the bank accounts on Friday. "There is no reason to delay the payment of some of the grants," a Treasury official said.
Soldiers or national service servants who have been or will be released during 2020 will be entitled to an additional NIS 500, so that their total grant will be NIS 1,250.
The Veterans Fund announced today an update on the process of withdrawing personal deposit funds. Released persons who have not yet passed five years from the date of release and are interested in using the deposit money for one of the six designated purposes in the law - studies, marriage, buying an apartment, starting a business, driving lessons and vocational training - will be able to apply online instead of accessing one From 600 branches of Bank Leumi and Bank Hapoalim.
After submitting the application in the personal area of the site, the deposit money will be transferred directly to the bank account of the released person or the service provider, depending on the nature of the application. Throughout the process, the discharged soldiers will be updated via personal text messages and messages in the personal area. It should be noted that until the introduction of the new system, next Tuesday, it will not be possible to withdraw a deposit through the banks.
A discharged soldier who has passed five years from the date of his release will receive the balance of the deposit directly to his bank account on impulse. The realization of the deposit for the benefit of professional training and for the receipt of refunds for termination of studies will be possible at the Post Bank branches. In the event of a refund - the check will be deposited in the deposit account for the benefit of future realization for each of the purposes set forth in the law.
The Chairman of the IDF Disabled Persons' Lobby in the Knesset, MK Maj. Gen. (Res.) Uzi Dayan, agreed with the Minister of Finance and the Chairman of the Finance Committee on double grants for IDF disabled persons. Spiegler, in coordination with the IDF Disabled People's Organization, decided to increase the IDF disabled persons' grants as follows: A regular grant will be given to all IDF disabled people, like every citizen in Israel - NIS 750. In addition, IDF disabled people who receive subsistence benefits ) Will receive a double grant.
Meanwhile, as part of the plan, a reduction in the purchase tax from 8% to 5% for buyers of a second apartment or more was also approved, although it was not intended to help citizens overcome the economic crisis. According to the proposal made by Finance Minister Katz, the purchase tax levels that will apply to buyers of an additional residential apartment will be reduced.
Although several Knesset members approved the reduction, they expressed surprise at the inclusion of the housing program in the grants program. At first, the chairman of the finance committee, MK Moshe Gafni, refused to approve the inclusion of the law "in a law that has nothing to do with the matter," but was eventually persuaded in exchange for final approval of changing the grants for children.
The increase in the purchase tax from 5% to 8% was initiated five years ago by former Finance Minister Moshe Kahlon in order to keep investors out of the market and bring down housing prices. Investors did retire at first but some recently returned to the housing market. There is now a fear that lowering the purchase tax rate will lead to an increase in demand for investment apartments and apartment prices will rise further.
The chairman of the Finance Committee, Gafni, said that "we made a great effort to approve the law today, the eve of the 9th of Av, a day in which we must strengthen with free love and mutual guarantee, so that the money enters the citizens' bank accounts in the coming days."
Social Security CEO Meir Spiegler said earlier that “a project the size of a grant for every citizen, has never been in our districts. Social Security employees have continued to work in an emergency format since March, meeting national tasks, out of awareness of the size of the hour and the mission on its side. The funds will be transferred to the eligible beneficiaries until the last citizen receives the grants he deserves. "