Employees Get Cost Of Living Salary Adjustment.

Employees in Israel have not had a cost - of - living increase since August 1997. Under a national union agreement, adjustments are made to employee's salaries only if inflation rises above a certain level in any three months. Since inflation has dropped below five percent for the last twelve months period, no three-month period has obligated employers to pay a cost of living increase. In periods of low inflation most employees do not count on cost of living adjustments, since many expect and receive yearly salary increases. It is usually the lower skilled employe