Pension rates

Monthly old-age pension rates

* If both spouses meet, separately, the pension eligibility conditions, each one of them ill receive a pension for an individual.
** The increment for a child is paid for the first 2 children only.
- The increment rate for each one of the two children is NIS 549 . 
- The increment rate for a spouse is NIS 873 .

Pension increments

The amount of the pension is augmented by the following increments:

Seniority increment

An increment of 2% of the pension for each full year of insurance you have accrued. The maximum seniority increment that may be received - 50%.

Is deemed a full year of insurance: 12 months consecutive or not.

To learn more about the seniority increment, click here.

Pension deferral increment

An increment of 5% of the pension (including the seniority increment) for each year the payment of the pension was deferred due to income from work, between retirement age and the age of entitlement to old-age pension.

This increment is paid in cases of ineligibility for old-age pension due to work income  or when, due to work income, the insured person is only entitled to a partial old-age pension and waived to receive of the pension.

To learn more about the pension deferral increment, click here.

Increments for a spouse and children

A recipient of an old age pension may be entitled to an increment for the spouse and children of the pension recipient. This increment will be paid only to a person who meets the definition of "spouse" or "child" in the National Insurance Law.

• Increment for children - an increment of NIS 549 per child, only paid for the first two children.
• Increment for a spouse - NIS 873

To learn more about the increment for a spouse and children, click here.

Disability increment

A person who received a disability pension before reaching retirement age - will receive at retirement age an old-age pension and his disability pension will be discontinued. The amount of the old-age pension will either be equal to the disability pension he was paid or to the old-age pension due to him - whichever is higher.

Deductions from the pension

Health insurance contributions

From your old-age pension are deducted health insurance contributions amounting to NIS 223 per month for an individual and NIS 321 per month for a couple. In case you are also entitled to an income supplement, this benefit will be subject to the health insurance deduction amounting to NIS 116 per month (for both an individual and a couple).

Important:

• For a salaried employee who receives an old-age pension - if your employer deducts health insurance contributions from your salary, you must transfer him an authorization of the National Insurance about "exemption of insurance contributions" or "receipt of old-age pension" to let him stop that deduction. The authorization can be downloaded on the Personal Service website or obtained from the Collection Department of a branch.
• For a female spouse working as employee - If you receive a pension increment a female spouse, health insurance contributions for a couple will be deducted from the couple, even if the spouse is working as a salaried employee.
• For a female spouse receiving a pension for herself - If you do not receive a pension increment for a spouse, because she is receiving a pension from the National Insurance, health insurance contributions for a couple will be deducted from your pension.
• Health insurance contributions are not deducted from a married woman's old age pension. And for a widow receiving a benefit for dependents of a work-injury victim or a full survivors' pension, health insurance contributions will be deducted from the second benefit.

Debts to the National Insurance Institute

The National Insurance Institute is entitled to deduct a debt from your allowance in the following cases:

• Debts for insurance contributions - if there is a debt on insurance contributions, the old-age pension will either not be paid or paid for a reduced amount (depending on the amount of the debt and delay of payment) until the debt is fully settled with our Collection Department.
• Debt incurred due to advance payments you have received on the pension or for other benefits
• Payments made by mistake or illegally
• Alimony or child support you are due under a court ruling (the National Insurance Institute is entitled to transfer or seize one's old-age pension to pay alimony or child support).

Pension and insurance contribution rates updated as of Jan 01, 2024.