Pension payment

The old age pension is paid on the 28th of the month (for that month). For some months of the year, the payment date of the benefit may vary on the occasion of holidays. The payment dates are updated on the benefit payments table.

How the pension is paid?

The pension is paid into a recipient's personal bank account only, or one shared with a spouse, parent, sibling, son or daughter. It is possible to modify the bank account to which the pension is paid through our website or by submitting a Notification of Change of Personal Details form.
The pension can be paid to another bank account in the following cases:

• Members of a kibbutz or cooperative moshav - A member of a kibbutz or a cooperative moshav can have their pension paid into the account of the kibbutz or the cooperative moshav.
  
• A person living in an institution - The pension of a person living in an institution and whose maintenance is paid for mostly by a public entity will be divided at the request of the public entity. The pension splitting method is detailed on this link.
• A person who cannot collect the pension - If, in the opinion of the National Insurance Institute, a person cannot collect their pension due to medical constraints, it will be paid to the person appointed to receive it by the National Insurance Institute (notification to that effect will be sent in advance).

First time payment date

The first month of receipt of old-age pension, the pension is paid according to your birthday:

• A person born before the 15th of the month will begin to receive the pension during the month in which he or she reached the age entitling them to a pension.
• A person born after the 15th of the month will begin to receive the pension in the month after the month in which he or she reached the age entitling them to a pension. If, however, the recipient is entitled to an income supplement to the pension, they will begin to receive the pension in the month in which they reached the age entitling them to a pension.