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| Israel Benefit Guide |
| Israel Benefit Guide | ||
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Principal employee benefits with employee freedom of choice to select preferred allocation design:
> Retirement Benefit Plan (a.k.a. "pension plan"), this comprising DC retirement savings, DC/DB severance pay funding, LA or survivor pensions, and LTD - long term disability insurance, with company and employee service payments;
> Professional Training Fund, a six year tax-efficient (up to the tax threshold) pooled savings fund, with company and employee service payments;
Other principal employee benefits: > Supplementary private medical insurance, most usually financed 100% by employer
Other employee benefits, inter alia, include:
> annual vacation
> travel allowance (or company car)
> convalescence allowance
> meal provision/subsidy
> stock option plans
> for larger employee groups: gym facilities, onsite nursing support, onsite restaurant
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