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Feb 24, 2016

CLIENT UPDATE | General Collective Agreement (Framework) – to Increase the Contribution Rates to Pension Insurance in the Market

Two days ago, the Presidium of Israeli Business Organizations and the Histadrut Labour Federation signed a General Collective Agreement (Framework) to increase the contribution rates to pension insurance in the market. In general, the Collective Agreement increases the minimal rate of employee contributions to the pension component of their pension funds to 6%, and the employer contributions to the same pension component to 6.5%, in two steps.

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