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

Posted on Sep 11, 2023 by Ifi Reporter

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.


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

Strong US Employment Report Boosts Dollar Against Major Currencies

Dec 8, 2023 by Ifi Reporter

In the wake of a robust employment report from the United States, the dollar remains stable against the Israeli shekel at NIS 3.70. The positive data, which surpassed expectations, has notably strengthened the American currency against the euro and the pound. As of the latest market... Continue reading →

Maersk Implements "War Levy" on Container Shipments to Israel Amidst Security Concerns

Dec 8, 2023 by Ifi Reporter

In response to escalating security risks in the region, Danish shipping giant Maersk has announced the imposition of a "war levy" on container shipments to Israel. Citing a surge in insurance premiums for vessels arriving in Israel, Maersk stated that the emergency risk supplement is... Continue reading →

Isrotel is making significant strides in its international expansion efforts

Dec 7, 2023 by Ifi Reporter

Isrotel, the prominent Israeli hotel chain under the Lewis family's control and managed by Lior Raviv, is making significant strides in its international expansion efforts. The company has successfully acquired 50% ownership in three hotels in Athens, including one with two separate wings,... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.