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Demobilized soldiers will be able to spend the army bonus for rental housing

On Monday evening, 3 July, the Knesset approved second and third readings of the bill, defense Minister Avigdor Lieberman and other members of the party Yisrael Beiteinu to change the terms of use of demobilized soldiers army cash bonus.

Among other things, the law now allows you to use the bonus to pay the rent, not only for its purchase. You will also be able to use the bonus in case of a heavy financial position of a soldier after demobilization.

Lone soldiers will be able to half of the bonus is to spend it for any purpose without restriction. In addition, the law provides for the payment of the demobilized soldiers lone to 1,000 shekels per month to pay rent. The period of eligibility of the soldier lone extended from 5 to 10 years after demobilization.

Another paragraph provides for the possibility of earmarking cash bonus for 10 years, not 7 years. If during this period the bonus is not used, the funds will be automatically credited to a Bank account.

Demobilized soldiers will be able to spend the army bonus for rental housing 04.07.2017

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