[etni] Fwd: re: Makor/Mishor
- From: ETNI list <etni.list@xxxxxxxxx>
- To: Etni <etni@xxxxxxxxxxxxx>
- Date: Tue, 23 Oct 2012 08:19:26 +0200
---------- Forwarded message ----------
From: francine widerker <widerker@xxxxxxxxx>
Subject: Re: Makor/Mishor
So tell me if I understand this correctly. I should go on sabbatical
before my 54th birthday so that I can stay in the old plan.
Linda wrote:
> I got emails from fellow ETNIERS, telling me that they also didn't
> understand this whole hishtalmut business with Makor or Mishor. I hope
> this clears some things up.
> I went to my bank, Bank Habenleuimi Harishon and this is what I found out:
> Makor and Mishor are, in essence, the same thing; the first is
> associated with Bank Mossad and the latter, with Bank B.Leumi....
> When you reach 55, you are supposed to move over to one of the above
> savings plans. However, if you do NOT go out on sabbatical at 55,
> for example, you can continue saving in the older plan, for up to 8
> years. From what I understand, the older plan is, indeed, the better
> plan! If you take out the money, like I did to go out on a
> sabbatical, you cannot continue saving in the older plan. I guess I
> was lucky I got another 3 years out of the former plan!
> I had also called the Irgun and was told that one may NOT go out on
> sabbatical after the age of 63. I asked them if the rules were
> different for those planning to work till at least 67 and they said,
> "no".
> Perhaps the rules will change... for the better... for us!
> If anyone has anything to correct and / or to add to the above, feel free.
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