three million private sector employees are set to receive increased recovery fees

Approximately three million private sector employees in the country are set to receive increased recovery fees, including retroactive payments dating back to the start of 2023. This momentous announcement was made in the presence of key figures, including Histadrut Chairman Arnon Bar-David, Chairman of the Business Sector Presidency Dobi Amitai, and Minister of Labor Yoav Ben-Zur, who signed an expansion order to raise the recovery fee rate from NIS 378 to NIS 418 per day.

The expansion order solidifies the terms of an agreement brokered by the Histadrut and the business sector presidency, with the full support of the Minister of Labor. The direct result of this agreement is the boost in recovery fee rates, potentially resulting in hundreds of shekels per year for each employee, paid retroactively for 2023.

Traditionally, the recovery fee allowance is disbursed in July or August. However, even those who have already received their 2023 recovery fee will benefit from the difference between the old and updated rates.

This momentous increase in the recovery fee rate marks the culmination of years of negotiations and the cessation of its erosion, thanks to the cooperation and agreements signed earlier this year between the Histadrut and the business sector presidency. With the signing of the expansion order by Labor Minister Ben-Zur, these agreements will now extend to benefit all employees and employers across Israel.