|
|
| Who is eligible? | |
An old age pension is paid by law to a resident of Israel who was born in Israel, or who immigrated to Israel for the first time prior to the age determined in the law. The age determined by law increases gradually from 60 to 62. |
|
| |
|
|
|
|
|
|
|
| Increments to pension | |
There are three kinds of increments to the old-age pension: a dependents’ increment, a seniority increment, and a deferred retirement increment. |
|
| |
|
|
|
|
|
| Pension rates | |
A single person: NIS 1,213 (as of 04.01.2008) A couple: NIS 1,823 (as of 04.01.2008) A couple with one child: NIS 2,205 (as of 04.01.2008) A couple with two children: NIS 2,587 (as of 04.01.2008) A single person with one child: NIS 1,595 (as of 04.01.2008) A single person with two children: NIS 1,977 (as of 04.01.2008) |
|
|
|
|
|
|
| Claim for old-age pension | |
The claim should be submitted around the age of eligibility for old-age pension using the old age pension claim form, to a local branch of the National Insurance Institute near the claimant’s place of residence. This form will be sent by mail to all persons approaching the age of eligibility. |
|
| |
|
|
|
|
|
| Income Supplement | |
A recipient of old-age pension with a low income who meets the income test criteria is entitled to an income supplement. The supplement augments the pension up to the sum of the minimum guaranteed income. |
|
| |
|
|
|
|
|
| Special Old-Age Benefit | |
| A special benefit is paid to a person who immigrates to Israel for the first time after the age determined by law. A married woman living with her spouse is not eligible for the special (old-age) benefit unless she has reached pensionable age. |
|
| |
|
|
|
|
|
| Grant Following Decease | |
| A one-time grant paid to the spouse of a deceased person, or in the absence of a spouse, to the child of the deceased recipient of old-age pension. The grant sum is NIS 7,443 (as of 01.01.2008) , and if the deceased had received income supplement at the time of death, the sum of the grant is NIS 7,443 (as of 01.01.2008) . To a person receiving an old age pension and income supplement who has become widowed, the sum of the grant paid is NIS 7,443 (as of 01.01.2008) . The grant following decease is paid automatically; there is no need to submit a claim for it. |
|
|
|
|
|