Old-Age - Partial old-age pension from retirement age to the age of entitlement to an old-age pension

If your income is a bit higher than the “maximum income,” you will receive a “partial old-age pension” - the full pension that is due to you, less 60% of the amount of your income that exceeds the “maximum income” - provided that the amount of the “partial pension” due to you is at least NIS 148 (as of 01.01.2012) .

You can waive the partial old-age pension. The period of time that you do not receive the partial old-age pension is taken into account in calculating your seniority increment and pension deferral increment.

Additional details are available in the section Means test from retirement age to the age of entitlement to old-age pension