חוק התכנית לסיוע כלכלי (נגיף הקורונה החדש) (הוראת שעה), התש"ף-2020Law on Economic Assistance Plan (New Coronavirus) (temporary provision), 2020 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Law establishes provisions for economic assistance to salaried employees, to persons aged 67 and over, to self-employed persons and to businesses during the coronavirus crisis period. With regard to salaried and self-employed persons, it was determined to allow them to withdraw each month a sum of up to 7,500 NIS from a training fund tax-exempt even if 6 years have not yet passed. It was further determined to extend the shortened qualifying period for unemployment benefits also to salaried employees whose employment was terminated by 30 June 2021 or until a month after the rate of unemployed persons in the economy falls below 7.5% according to publication by the Central Bureau of Statistics, whichever is earlier. Among other things, the payment period for unemployment benefits was extended until 30 June 2021 or until the unemployment rate falls below 7.5%. In addition, the requirement for an employee placed on unpaid leave to be eligible for unemployment benefits was eased, so that the unpaid-leave period required from 15 July 2020 would be at least 14 consecutive days and not 30 as previously required. Regarding assistance to persons aged 67 and over, the eligibility period for the full and partial special adjustment grant was extended for the months August through December 2020. The period during which discharged soldiers may withdraw funds was also extended, for the period from 20 July 2020 to 30 June 2021, and the amounts that can be withdrawn from the deposit were increased, depending on the soldier's discharge date. In addition, it was determined that assistance grants would be given to a self-employed person who turned at least 20 years old in 2019 and to a salaried employee who is a controlling shareholder in a closely-held company during the eligibility period (a one-month period each time the Minister of Finance determined by order that a grant would be given for it). The grant will be bimonthly and will also apply to a situation where the self-employed person has a new business and, correspondingly, a new closely-held company. The maximum grant amount shall not exceed 15,000 NIS. It was further determined to provide assistance to businesses toward participation in fixed expenses, for businesses whose activity was affected by restrictions on their opening, and also to provide a grant to medium-sized businesses and to an eligible public institution according to the conditions. Similar to the assistance for self-employed persons, the eligibility periods will also be subject to an order of the Minister of Finance determining that a grant may be given for them.

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