The reference is to the average wage according to the National Insurance Law. It is calculated according to a method determined in the Law, on January 1st. of every year, and afterwards each time that a compensation is paid.
Average Wage under National Insurance Law (as of Jan 01, 2024):
Under article 1 of the law: NIS 12,379 .
Under article 2 of the law - benefits: NIS 12,536 .
Under article 1 of the law - insurance contribution: NIS 12,536 .