ERM hosted a round table discussion on amendment 12 to the Control of Financial Services (Provident Funds) Law – 2005, which will take effect on 5 February 2016 and which might affect the pension budget provided by employers. Taking part in the discussion were around 30 employment lawyers from leading Israeli law firms.
As agree during the talks, Maya Schneider, who leads the employment practice at ERM, has sent a letter to the Ministry of Finance seeking clarification on the amendment.
To read ERM’s analysis of amendment 12 and its potential implications in Hebrew, please click here.
ERM’s Employment Law department regularly acts for international and Israeli clients, as well as for senior executives, from the private and public sectors, which operate, inter alia, in industry and in the high tech, banking and real estate sectors.
For more information, please contact Maya Schneider.