The Social Security System – 2007
Author: Yaakov Kop
April 15, 2008
The social security system comprises a range of programs, most under the auspices of the National Insurance Institute, others through various government offices (Defense, Finance, Absorption) and still other programs through the free market (employer pension plans, for example).
These programs offer a safety net for individuals and families in the case of lack of work related income or reduced income or in the case of additional expenses in diverse circumstances. The programs focus on alleviating poverty; assisting individuals and families maintain a reasonable standard of living; dispersing income over an individual’s lifetime; helping meet additional expenses such as those related to child raising; providing incentives for the unemployed to join the labor market; compensating for loss or injury; redistributing resources; and enhancing gender equality. Public expenditure on state run social security programs in 2007 was NIS 42 billion, 41 percent of total social expenditure in the current year’s budget.
This paper appears as a chapter in the Center’s annual publication, Israel’s Social Services 2007.