Labor Law Client Update - Managers’ Insurance - September 2023

By Moran Friedman & Hilla Sachs & Keren Berger | Sep 2023 | Legal Update

Dear Clients,

Please note that as of September 1, 2023 (the “Determining Date”), an employee whose salary is up to twice the average salary in Israel is not entitled to Managers’ Insurance fund.

Please note that this amendment to the law does not apply to employees who have enrolled in Managers Insurance prior to the Determining Date and to employees who want to transfer funds they have accumulated prior to the Determining Date to a Managers’ Insurance fund.

We are at your disposal for any questions or clarifications, and we will be glad to assist further.