Long-awaited Reserve Law passes second and third readings in Knesset

The long-awaited Reserve Law was passed by the Knesset in its second and third readings on Wednesday. The law officially sets conditions for calling up the country's reserve forces, for the economic rights of reservists, and for the quality of equipment and level of preparedness. One of the central themes of the new legislation is compensation for reserve service. The compensation will now be pegged to 68 percent of the average income, raising their salary to approximately NIS 5,300. In addition, all reservists who serve over 15 days per year will be entitled to a tax break - up to two credit points on their income taxes, a benefit that could add up to as much as NIS 4,000.