The National Insurance Institute is at your side during your life, from birth to advanced age, granting you a variety of social rights adapted to changing life situations.
The National Insurance Institute is responsible for the social security of Israeli residents.
Its primary mission is to ensure means of subsistence for those unable to earn their living.
The National Insurance Institute collects insurance contributions from all residents according to their social background and status, and pays benefits to those entitled. Hence, the income of economically established groups is transferred to weak and vulnerable groups and, thereby, the National Insurance Institute contributes to a more equitable distribution of national income and the reduction of dimensions of poverty. Further information...
For instance: for a man whose retirement age (67) is on April 10, 2014,
His overall income from April 1, 2014, until December 31, 2014, is taken into account.
The following year, his overall income from January 1, 2015, until December 31, 2015, is taken into accout.
The following year, his overall income from January 1, 2016, until December 31, 2016, is taken into accout.
The following year, his overall income from January 1, 2017, until March 31, 2017, is taken into accout.
Upon reaching 70 years of age, he will be entitled to a pension without passing an income test.
Is considered an additional payment to a monthly wage, any salary provided to an employee in addition to his usual gross monthly wage, such as vacation pay and clothing allowance, including payments related to bonus and participation grant to the employer's welfares, differentials excepted.
Calculation method for the additional payment:
Wage differentials as added to the monthly wage for the months in which they were paid. If there is no information regarding the period over which wage differentials were paid, they shall be added to the month in which their payment was actually made.
Please note, you must inform the National Insurance Institute about any change in your income until you reach the age of entitlement, as well as any chage in your spouse's income until your spouse reaches the age he/she does not need to pass an income test (age 70 for a man, and 67 for a woman).