RIGHTS BOOKLET
M. Capital Market Authority, Insurance and Savings Authority Preserving Pension Rights The pension rights of captives will be preserved during their time in captivity by continuing regular deposits to their pension savings plan, that will maintain both a continuous sequence of the insurance coverages that existed in their pension product immediately prior to their abduction, and the continued accumulation of capital in their pension account. ■ In accordance with legislation, the captives and missing persons are entitled to the continued transfer of all deposits to their pension savings plan. For salaried employees, the deposits are made by the employer (who receives indemnification from the NII) while for the self-employed, the deposits are made directly by the NII. Furthermore, the NII will also continue to make these deposits in cases where the captive's employment ended during the five months prior to their abduction. National Insurance Institute ■ An amendment to the Protection of Workers at the Time of Emergency Law (Amendment No. 5 and Temporary Order Iron Swords)-2023 from 28.11.23 determined the continued deposits to provident/pension funds of each captive and missing person until 6.10.25, in order to maintain the sequence of their pension rights, in accordance with legal provisions. Administration ■ The Administration can be contacted for assistance in clarifying details about pension funds and insurance policies of captives, missing persons, and returnees, in accordance with legal provisions and the regulations of the Capital Market Authority, Insurance and Savings Authority. Please contact the Administration representative with a detailed query.
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