Updated to Jan 01, 2017
The basic old age pension is NIS 1,531 for an individual and NIS 2,301 for a couple (the pension for a couple is composed of a pension for an individual plus an increment for the spouse). The basic old age pension for those age 80 or older is NIS 1,617 for an individual and NIS 2,387 for a couple.
If each of the couple separately meet the entitlement conditions for an old age pension, each of them receives an individual pension.
Seniority increment (insurance)
Pension deferral increment
Increment for dependents - spouse or children
* The increment for a child is paid for the first 2 children only.
The increment for each one of the two children is NIS 484 . The increment for a spouse is NIS 770 .