Israel has a well-established social security system that provides a series of means-tested benefits and grants to people who require financial assistance. The system encompasses income-transfer programs administered by the National Insurance Institute and other government ministries that provide a safeguard for persons and their dependents with inadequate sources of income, or those facing unforeseen expenses. Programs are intended to reduce poverty, provide citizens with an acceptable standard of living, and support children and the unemployed. The National Insurance covers all citizens, permanent residents, and Jewish immigrants. The report provides in-depth industry analysis, information, and insights of the employee benefits in Israel, including an overview of the state and compulsory benefits in Israel, detailed information about the private benefits in Israel, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Israel. Key Highlights - The Ministry of Social affairs and National Insurance Institute (NII) organizations are responsible for the functioning of the overall social security system. - A person’s national insurance contribution is determined based on their income. - An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution. - In Israel, employers provide voluntary retirement benefits to their employees through occupational pension schemes, master trust and automatic enrollment.