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      Archive: 9/7/2010
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      News Brief

        9/7/2010, Elul 28, 5770

      Pensions to Rise by 2.5%


      Workers covered by Histadrut collective bargaining agreements will get more pension money, by 2014. Workers will have a total of 17.5% of their salaries paid into their pension accounts, 2.5% more than the 15% currently paid. Currently, 5% of the pay-in is deducted from workers' salaries, and the rest is contributed by employers. The additional 2.5% will be paid by employers as well. Histadrut chief Ofer Eini said that the agreement “proves that by communicating with employers we can improve the rights of workers.”