In accordance with the Company Board of Director's decision, a sum of 150 million ₪, will be granted as aid for Holocaust survivors during the year 2015.
The Company will transfer a personal endowment, directly into the bank accounts of approximately 11,000 Holocaust survivors in need. The endowment will be directly deposited into the accounts of the survivors in four equal payments, on a quarterly basis, without the need of submitting an application.
This aid is granted to Holocaust Survivors in Need who meet the criteria and according to the data available to the Authority for the Rights of Holocaust Survivors and the Ministry of Finance regarding the implications of personal compensation from abroad.
The effective date for commencement of eligibility for receipt of aid from the Company, is the date upon which the name was transferred to the Company by the Authority for the Rights of Holocaust Survivors, as being defined as a Holocaust Survivor in Need according to Company definition; (It should be made clear that the Company does not offer aid to Holocaust survivors retroactive to the date of eligibility for remuneration from the Authority).
Survivor eligibility for aid from the Company will be ceased when the Authority for the Rights of Holocaust Survivors updates the company regarding a change in the Status of Need as defined by the Company (except in cases where the Company is advised of the Holocaust survivor's death prior to notification from the Authority).