Control of Financial Services (Provident Funds) Law (Amendment – Denial of Entitlement to Pensions and Severance Pay Due to Carrying Out Terrorist Activity) Bill
Translated from Hebrew: הצעת חוק הפיקוח על שירותים פיננסיים (קופות גמל) (תיקון - שלילת זכאות לקצבאות ולפיצויי פיטורים עקב ביצוע פעילות טרור)
TL;DRThe proposal denies eligibility for disability and survivors' pensions, and severance pay, to a person convicted of carrying out terrorist activity.
Translated from Hebrew
What does the bill do?
The proposal amends three laws: the Supervision of Financial Services (Provident Funds) Law, the Severance Pay Law, and the National Insurance Law. The proposal states that a member of a provident fund who was convicted of carrying out an act of terrorism (as defined in the Counter-Terrorism Law) will not be entitled to withdraw pensions and insurance benefits from their fund, and their beneficiaries will not receive a survivors' pension. An employee convicted of this offense will not be entitled to severance pay for the termination of employment in connection with the offense. A similar proposal includes transitional sections regarding pensions paid by mistake before the information about the conviction was received.
The votes on this bill
Coalition 64 seats
Opposition 56 seats
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