Minister of Finance Avigdor Liberman: All aged individuals and Holocaust survivors will rise above the poverty line.
Minister of Finance Avigdor Liberman has introduced that he’ll introduce into the approaching state funds an increase in revenue complement for pensioners to make it equal to 70% of the minimal wage. Earnings complement for an individual above the retirement age might be 3,710-3,783 month-to-month, relying on the particular person’s age.
The Ministry of Finance’s announcement states: “This step will imply that each one senior residents and Holocaust survivors might be above the poverty line. That is substantial help to aged individuals with low incomes, and to the various Holocaust survivors who obtain revenue complement.”
The measure will come into impact on January 1, 2022. It can value NIS 1.5 billion yearly.
Minister of Finance Avigdor Liberman mentioned, “The State of Israel has an obligation to its aged inhabitants, and as somebody who subscribes to the doctrines of Jabotinsky and his 5 fundamental requirements (meals, shelter, clothes, schooling, and healthcare), I see revenue complement for pensioners as an vital, important step, and it is going to be carried out within the forthcoming funds. The choice arises from broad consensus amongst all of the companions within the authorities, and from concern for the weak and helpless. All aged individuals and Holocaust survivors will rise above the poverty line.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 27, 2021
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